Consumer preferences for alternative fuel vehicles: A discrete choice analysis |
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Affiliation: | 1. School of Resource and Environmental Management, Simon Fraser University, 8888 University Drive, Burnaby, BC V5A 1S6, Canada;2. The University of Texas at Austin, Austin, TX 78712, USA;1. University of Maryland, 1179 Glenn L. Martin Hall, College Park 20742, USA |
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Abstract: | This paper analyzes the potential demand for privately used alternative fuel vehicles using German stated preference discrete choice data. By applying a mixed logit model, we find that the most sensitive group for the adoption of alternative fuel vehicles embraces younger, well-educated, and environmentally aware car buyers, who have the possibility to plug-in their car at home, and undertake numerous urban trips. Moreover, many households are willing to pay considerable amounts for greater fuel economy and emission reduction, improved driving range and charging infrastructure, as well as for enjoying vehicle tax exemptions and free parking or bus lane access. The scenario results suggest that conventional vehicles will maintain their dominance in the market. Finally, an increase in the battery electric vehicles’ range to a level comparable with all other vehicles has the same impact as a multiple measures policy intervention package. |
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Keywords: | Discrete choice models Alternative fuel vehicles Vehicle adoption policies German transport |
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