Willingness-to-pay for infrastructure investments for alternative fuel vehicles
Ito, Nobuyuki, Takeuchi, Kenji, & Managi, Shunsuke (2013) Willingness-to-pay for infrastructure investments for alternative fuel vehicles. Transportation Research Part D: Transport and Environment, 18, pp. 1-8.
This study investigates potential demand for infrastructure investment for alternative fuel vehicles by applying stated preference methods to a Japanese sample. The potential demand is estimated on the basis of how much people are willing to pay for alternative fuel vehicles under various refueling scenarios. Using the estimated parameters, the economic efficiency of establishing battery-exchange stations for electric vehicles is examined. The results indicate that infrastructural development of battery-exchange stations can be efficient when electric vehicle sales exceed 5.63% of all new vehicle sales. Further, we find a complementary relationship between the cruising ranges of alternative fuel vehicles and the infrastructure established.
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|Item Type:||Journal Article|
|Keywords:||Alternative fuel vehicle; Battery exchange stations; Transport infrastructure|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Copyright Owner:||© 2012 Elsevier Ltd.|
|Deposited On:||21 Aug 2014 01:28|
|Last Modified:||22 Aug 2014 04:49|
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