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  4. THE IMPACTS OF TRANSITIONING TO ELECTRIC VEHICLES ON U.S. ETHANOL AND CORN MARKETS

THE IMPACTS OF TRANSITIONING TO ELECTRIC VEHICLES ON U.S. ETHANOL AND CORN MARKETS

File(s)
MouldParga_cornell_0058O_12060.pdf (1.81 MB)
Permanent Link(s)
https://doi.org/10.7298/zrvh-mh77
https://hdl.handle.net/1813/115851
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Cornell Theses and Dissertations
Author
Mould Parga, Joaquin
Abstract

This thesis employs a two-stage least-squares econometric model of national ethanol demand and supply to evaluate the impact of rising electric vehicle (EV) sales on the corn-ethanol market. Using the econometric model, two simulations are conducted for 2023-2030. Both simulate corn prices, ethanol prices, and supply if projections of the EVs and gas-only vehicles change. All other demand/supply variables remained constant in one simulation and changed based on projections in the other. Experts project a surge of EV sales by 2030, which applied to the simulations suggest ethanol prices to fall from $2.61 in 2022 to between $1.42 and $1.93 in 2030, corn prices to decrease from $7.31 in 2022 to between $4.92 and $5.28 in 2030, and ethanol supply to fall from 6.74 billion gallons in 2022 to between 4 and 6.7 billion gallons in 2030. Results suggest that raising EV sales negatively impacts the corn-ethanol market.

Description
44 pages
Date Issued
2024-05
Committee Chair
Kaiser, Harry
Committee Member
Turvey, Calum
Degree Discipline
Applied Economics and Management
Degree Name
M.S., Applied Economics and Management
Degree Level
Master of Science
Type
dissertation or thesis
Link(s) to Catalog Record
https://newcatalog.library.cornell.edu/catalog/16575554

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