Adoption of Electric Vehicle in the Netherlands – A Stated Choice Experiment

In this paper, we apply a dynamic innovation diffusion framework to model adoption of full electric vehicles where we explicitly distinguish three major phases of adoption: introduction, growth and maturity. We combine this approach with an SP study to elicit individual preferences for conventional, hybrid and full electric vehicles. We apply a nested logit model to estimate the preferences for EVs based on the total costs of ownership approach that includes monetary and non-monetary costs of owing a vehicle. With negative estimates of WTP for hybrid vehicles (of about €900 on a yearly basis),... Mehr ...

Verfasser: Bockarjova, M.
Rietveld, P.
Knockaert, J.S.A.
Dokumenttyp: doc-type:workingPaper
Erscheinungsdatum: 2013
Verlag/Hrsg.: Amsterdam and Rotterdam: Tinbergen Institute
Schlagwörter: ddc:330 / C01 / C33 / D12 / D49 / D91 / R41 / stated preferences / revealed preferences / non-monetary costs / innovation
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-29217249
Datenquelle: BASE; Originalkatalog
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Link(s) : http://hdl.handle.net/10419/87297

In this paper, we apply a dynamic innovation diffusion framework to model adoption of full electric vehicles where we explicitly distinguish three major phases of adoption: introduction, growth and maturity. We combine this approach with an SP study to elicit individual preferences for conventional, hybrid and full electric vehicles. We apply a nested logit model to estimate the preferences for EVs based on the total costs of ownership approach that includes monetary and non-monetary costs of owing a vehicle. With negative estimates of WTP for hybrid vehicles (of about €900 on a yearly basis), our results suggest abolishment of subsidization of hybrid vehicles as they potentially crowd out EV adoption. Besides, EVs need to be subsidized on average at €2,000 per year, and this amount is decreasing in the process of vehicle adoption. Time costs associated with rapid charging are a substantial hindrance to EV adoption with average value of time of €63 per hour, increasing for each subsequent consumer segment from €48 to €122 per hour. Environmental costs of CO2 reductions are valued far above the market average at €160 per ton, but determine EV choices only at a later stage of adoption. Finally, towing potential is valued on average at €540 per year and it is about the same for all consumer segments throughout the adoption phases. Policy implications are discussed involving a mix of structural and monetary incentives.