Willingness to pay for electric vehicles and vehicle-to-grid applications: A Nordic choice experiment

By L. Noel, Andrea Vanesa Papu Carrone, Anders Fjendbo Jensen, G. Rubens, Johannes Kester, Benjamin Sovacool. Energy Economics, 2019

159 citations recorded by the source corpus.

We present the results from a choice experiment conducted across Denmark Finland, Iceland, Norway and Sweden focusing on electric vehicles and vehicle-to-grid technology. The survey involved the entire Nordic region and had >4000 respondents choosing between two versions of electric vehicles (some including vehicle-to-grid capability) as well as their preferred gasoline vehicle. We analyzed the data using a mixed logit model and present the willingness to pay for driving range, acceleration, recharging time, fuel source, and vehicle-to-grid capability. In addition, due to the cross-national nature of our data, we also present willingness-to-pay comparisons between the five Nordic countries. We find that certain attributes, like driving range and recharging time, are substantially higher than previous estimates, whereas others, like acceleration are lower. In addition, we find that some attributes vary across the five countries (such as driving range), whereas other attributes remain constant. Finally, we find that vehicle-to-grid capability, divorced of onerous contracts, is significantly positive, but only for some countries, whereas in other countries it has no value, implying greater education and awareness of vehicle-to-grid is necessary if it is to accelerate electric vehicle adoption.

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

View Paper: https://www.semanticscholar.org/paper/9a228186b67995340f0097368ae589b60b05a78a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. L. Noel
2. Benjamin Sovacool
3. Johannes Kester
4. G. Rubens

In Electrical and Electronic Engineering

1. L. Noel
2. Benjamin Sovacool
3. Johannes Kester
4. Chien-fei Chen
5. G. Rubens

In Renewable Energy, Sustainability and the Environment

1. L. Noel
2. Benjamin Sovacool
3. Vlado Vivoda
4. R. Fouquet
5. Karoline S. Rogge
6. Stefan Bouzarovski

Citations in the corpus

• Assessing the socio-demographic, technical, economic and behavioral factors of Nordic electric vehicle adoption and the influence of vehicle-to-grid preferences (2020, background): “The authors are appreciative to the Danish Council for Independent Research (DFF) Sapere Aude Grant 4182-00033B “Societal Implications of a Vehicle-to-Grid Transition in Northern Europe,” which has supported elements of the work reported here.”