Table 1.
Regression results showing the negative impact of power outages on EV adoption
| lnNEV (BEV + PHEV) | lnBEV | lnPHEV | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | |
| L1. (outage times) |
-0.011*** (0.001) |
-0.0053*** (0.001) |
-0.0092*** (0.001) |
-0.0039*** (0.0009) |
-0.014*** (0.003) |
-0.0016*** (0.003) |
||||||
| L2. (outage times) |
-0.0088*** (0.001) |
-0.0076*** (0.0012) |
-0.023*** (0.003) |
|||||||||
| L1. (outage hours) |
-0.00024** (0.0001) |
-0.00015* (0.00008) |
-0.00020** (0.00009) |
-0.00011 (0.00007) |
-0.00027* (0.0001) |
-0.00031* (0.00016) |
||||||
| L2. (outage hours) |
-0.00021*** (0.00007) |
-0.00019*** (0.00007) |
-0.00050*** (0.0001) |
|||||||||
| ln GDP |
-0.042 (0.027) |
-0.048** (0.023) |
-0.043 (0.027) |
-0.048*** (0.023) |
-0.024 (0.026) |
-0.026 (0.021) |
-0.025 (0.026) |
-0.026 (0.022) |
-0.047 (0.040) |
-0.074 (0.046) |
-0.049 (0.042) |
-0.075 (0.047) |
| Constant |
4.63*** (0.22) |
4.94*** (0.19) |
4.55*** (0.22) |
4.82*** (0.19) |
4.31*** (0.21) |
4.57*** (0.18) |
4.25*** (0.22) |
4.47*** (0.18) |
2.48*** (0.34) |
3.14*** (0.39) |
2.37*** (0.34) |
2.79*** (0.39) |
| R-squared | 0.96 | 0.98 | 0.96 | 0.98 | 0.97 | 0.98 | 0.96 | 0.98 | 0.90 | 0.90 | 0.90 | 0.90 |
| Year*City FE | YES | YES | YES | YES | YES | YES | YES | YES | YES | YES | YES | YES |
| Month*City FE | YES | YES | YES | YES | YES | YES | YES | YES | YES | YES | YES | YES |
| Observations | 4700 | 4090 | 4700 | 4090 | 4700 | 4090 | 4700 | 4090 | 4700 | 4090 | 4700 | 4090 |
| Number of city | 301 | 298 | 301 | 298 | 301 | 298 | 301 | 298 | 301 | 298 | 301 | 298 |
This table reports the estimated coefficients and cluster-robust standard errors (in parentheses). The dependent variable in Columns (1–4) is the log of monthly sales for new energy vehicles (NEVs); in Columns (5–8), it is the log of monthly sales for battery electric vehicles (BEVs); and in Columns (9–12), it is the log of monthly sales for plug-in hybrid electric vehicles (PHEVs). Here, the total sales of NEVs equal the combined sales of both BEVs and PHEVs. L1 means 1-month lag; L2 means 2-month lag. Standard errors in parentheses are clustered to the city level. *P < 0.1, **P < 0.05, ***P < 0.01. R-squared denotes the goodness-of-fit of the regressions.