Impact of government incentives on the market penetration of electric vehicles in Australia

By S. Gong, A. Ardeshiri, T. Rashidi. Transportation Research Part D: Transport and Environment, 2020

138 citations recorded by the source corpus.

Abstract Incentives to buy and use electric vehicles (EVs) may influence individuals’ decisions to do so. To examine these impacts, a latent class discrete choice model is developed to analyse consumer preferences related to EV attributes and related government incentives. Data was collected from a stated preference survey of 1,076 residents of New South Wales (NSW), Australia. According to the results, the proposed latent constructs classify respondents into five segments. The segments are then used to distinguish respondent behaviours regarding EV attributes and related government incentives. The results show that rebate on the upfront cost of an EV is the most preferred one-off financial incentive, because EVs are expected to be expensive, especially in Australia which has a very small EV market at present. Furthermore, rebates on energy bills and parking fees are also well-received, as these things are expensive in Sydney, Australia. Thus, operational incentives for discounts on energy bills and parking fees may facilitate the success of EVs in NSW.

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

View Paper: https://www.semanticscholar.org/paper/df9d6c6a405ab644576c54603a9bb1b052c1f234

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In Economics and Econometrics

In Electrical and Electronic Engineering

Prateek Bansal

In Renewable Energy, Sustainability and the Environment

Citations in the corpus

Willingness to pay and attitudinal preferences of Indian consumers for electric vehicles (2021, background): “LC-MNL identifies consumer segments based on their attitudes and socio-demographic characteristics, while jointly estimating segment proportions and segmentspecific WTP (Ardeshiri and Rashidi, 2020; Hidrue et al., 2011).”