Events

Professor Mark Jacobsen
Professor in the Department of Economics
University of California, San Diego

The electric vehicle (EV) transition has the potential to substantially alter accident safety. EVs are heavier than comparable gasoline vehicles, implying they impose important accident externalities. At the same time, EVs often have driver assistance systems that could reduce accident severity. We build a comprehensive dataset of U.S. vehicle registrations, miles driven, and accidents. EV market share has only recently grown large enough to allow measurement, making our descriptive results the first we are aware of for the U.S. We then develop a method to address driver selection, the key confounder, in order to estimate counterfactual accident risk as EV adoption grows. After accounting for selection we find significant penalties due to EV weight and smaller offsetting gains from driver assistance systems. In the short run, positive selection also substantially offsets the weight penalty. In the longer term, policy that encourages substitution from the most efficient gasoline vehicles to EVs saves the least energy but yields the best safety outcomes.