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

By Shaodong Ma, Jin-Hua Xu, Ying Fan. Energy Economics, 2019

121 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics, Electrical and Electronic Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/5e563d5f151795d81e822b655c81b87b729be595

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Citations in the corpus

Willingness to pay and attitudinal preferences of Indian consumers for electric vehicles (2021, background): “These policies range from providing EVs with access to specialised lanes (bus or high occupancy vehicle lane) to relaxing fees associated with public charging, parking, and congestion pricing (Abotalebi et al. 2019; Ferguson et al., 2018; Langbroek et al., 2016; Ma et al., 2019; Wang et al., 2017).”