Hybrid vehicles, social signals and household driving: Implications for miles traveled and gasoline consumption

•We investigate the effect of gasoline-electric hybrid vehicle ownership on annual miles traveled.•We focus on a social status driven rebound effect and a total rebound effect.•We recover causal effects using a matching strategy.•We estimate an overall hybrid rebound of about 3 percent of the (average) annual miles traveled.•We do not find evidence of a social status rebound effect.•Hybrid vehicle adoption reduces fuel consumption by 34 to 46 percent per year compared to gasoline powered vehicles.