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Impact of electric vehicles on existing car usage: A mixed multiple discrete–continuous extreme value model approach |
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| Authors: | Jungwoo Shin Junhee Hong Gicheol Jeong Jongsu Lee |
| Institution: | 1. Department of Civil, Architectural and Environmental Engineering, The University of Texas at Austin, #1 University Station C1761, Austin TX 78712, United States;2. Technology Management, Economics, and Policy Program, Seoul National University, 599 Gwanak-ro, Gwanak-gu, Seoul 151-742, South Korea;3. Science and Technology Policy Institute (STEPI), Specialty Construction Center, 26 F, Shindaebang-dong, 395-70, Dongjak-gu, Seoul 156-714, South Korea |
| Abstract: | This study investigates how the introduction of electric vehicles may influence the usage of existing cars. A survey of 250 households in South Korea is used to analyze a future automobile market that includes electric vehicles taking into account the heterogeneity of consumer preferences and usage patterns. Based on consumer preferences, the future market share of various vehicles is estimated and the impact of promoting the usage of electric vehicles by government subsidization and tax incentives is analyzed. |
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