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Stimulating a transition to hybrid taxis in New York City.

Publication: The Review of Policy Research
Publication Date: 01-SEP-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Stimulating a transition to hybrid taxis in New York City.(25 ideas)

Article Excerpt
As hybrid engines consume less gasoline than conventional combustion engines, they are both environmentally and economically beneficial. Hybrids, however, only engage their, electric motors at low speeds and thereby benefit cars such as taxis that drive primarily in city conditions. Hybrid taxis in NYC can decrease taxi emissions by over 50 percent and save taxi drivers approximately $8,768 each year. The government can stimulate the implementation of hybrid taxis through a Pigouvian tax on the emissions from non-hybrid taxis in excess of those from hybrid taxis. Such a tax would heighten the incentives for a transition to hybrids, bolster awareness of climate change, and serve as a model for other cities.

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