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This research aims to develop a model for optimal car replacement and assess the effects of different environmental policies on emissions.

Accelerating Vehicle Replacement and Environmental Protection

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This research aims to develop a model for optimal car replacement and assess the effects of different environmental policies on emissions.
Developed a theoretical model for car replacement
Examined policy measures including reduced taxes on clean cars, traffic restrictions, and fuel taxes
Applied findings to Greece's scrappage policy from January 1991 to March 1993.
Reduced taxes on clean cars lead to earlier replacement and lower emissions
Traffic restrictions effectively decrease total pollutants from vehicles
Fuel taxes also contribute to reduced car use and therefore lower emissions.

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Theoretical model examines emissions and replacement timing under various environmental policies in Greece.

Baltas et al. (1999) studied this question.

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