Abstract
This study quantifies the co-benefits of Taiwan's low-emission vehicles, which are reduced pollution, extended life expectancy, and reductions in medical expenditures, using the air resource co-benefits model. Analytical results show that new diesel vehicle, LPG vehicle, and biodiesel vehicle are the most beneficial options (zero-cost options) for government policy, and subsidy is unnecessary because the public will purchase as long as they realize the high fuel efficiency and low pollution emission. The high cost–benefit ratio of hybrid vehicle (HV) means that HV is the most expensive alternative. However, the cost–benefit ratio < 1.00 means benefits of HV and electric vehicle are still worthy of government subsidies.
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