Details

Autor(en) / Beteiligte

• Ma, Shao-Chao
• Xu, Jin-Hua
• Fan, Ying

Titel

Willingness to pay and preferences for alternative incentives to EV purchase subsidies: An empirical study in China

Ist Teil von

• Energy economics, 2019-06, Vol.81, p.197-215

Ort / Verlag

Kidlington: Elsevier B.V

Erscheinungsjahr

2019

Quelle

PAIS Index

Beschreibungen/Notizen

• The transport sector's promotion of electric vehicles (EVs) is an important tool in reducing greenhouse gas emissions. The high monetary subsidies widely used to promote EV diffusion in many countries are not sustainable in the long term. Therefore, effective alternative incentives are needed as subsidies are gradually phased out. In this paper, consumers' willingness to pay (WTP) for alternative incentives is studied based on a questionnaire survey. Using a discrete choice experiment, 1719 Chinese consumer questionnaires were collected. Consumers' WTP for nine alternative policies was calculated by applying the multinomial logit model and mixed logit model, and the mixed logit model is used as the main model of this study because of its better statistical performance. Finally, the relationship between the respondent heterogeneity and policy preferences was studied. The results show that alternative incentives can fill the gap produced by subsidy reductions. EV privileges like no restrictions on driving and purchases, which have the lowest implementation cost, are suitable for first- and second- tier cities. For second-tier cities, construction of more charging stations is the most appropriate choice. The heterogeneous features of the respondents, including cities of residence, type of vehicle owned, recognition of the environmental benefits of EVs, gender, and whether the family has children, had a significant impact on policy preferences. •1719 consumers associated with electric vehicles were involved in the investigation.•The marginal WTP distribution of various policies ranges from 6833 to 29,540 CNY.•Replacing subsidies with alternative incentive policies is feasible.•Attributes related to EV charging are the most worrisome for petrol car owners.•Respondents in second-tier cities are concerned about increasing charging stations.