Question
Most people would probably agree that protecting the environment from damaging CO2 emissions is important to the future of the planet. Yet, the number of
Most people would probably agree that protecting the environment from damaging CO2 emissions is important to the future of the planet. Yet, the number of EVs on the road remains relatively low. While barriers to owning an EV such as sticker prices and the availability of charging stations likely discourages some people from making the switch, for others, the decision to continue to drive a gas powered vehicle over an EV is less clear. From a behavioral economics perspective, discuss this situation. Why do some people, despite their desire to take other actions to protect the environment, continue to drive gas-powered vehicles?
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