Gasoline Prices, Government Support, and the Demand for Hybrid Vehicles in the United States*

Beresteanu, Arie; Li, Shanjun

doi:10.1111/j.1468-2354.2010.00623.x

Cited by 221 publications

(111 citation statements)

References 28 publications

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“…According to Sierzchula et al [16], socio-demographic factors such as income, education, environmentalism, and urban density that the literature had anticipated to be influential [31,32] are not affecting EV adoption. In addition to that, fuel price was not significant in predicting EV penetration in spite of its positive correlation to HEV adoption in other studies [32,33] based on their empirical research. Varieties of socio-demographic factors depend on the research, and the results are not in line with each other.…”

Section: Consumer Characteristicsmentioning

confidence: 92%

Does Driving Range of Electric Vehicles Influence Electric Vehicle Adoption?

Kim

Lee²,

Lee

2017

Sustainability

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Abstract:This study aims to determine the influential factors on the market share of electric vehicles through panel data analysis based on time series data from 2011 to 2015 in 31 countries. We selected five significant independent variables that are expected to affect electric vehicle adoption based on literature review. The econometric model in this study suggests that the relative price of electric vehicle compared to internal combustion engine vehicle, driving range, and number of models available in markets are correlated to the market share of electric vehicles. On the other hand, relationship between recharging infrastructure-an important factor for electric vehicle adoption in many studies-and market share of electric vehicles turned out to be insignificant in this study. From a political point of view, we argue that policy makers need to allocate more resources to research and development in order to extend driving range at the early stage of electric vehicle deployment in the markets.

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Section: Consumer Characteristicsmentioning

confidence: 92%

Does Driving Range of Electric Vehicles Influence Electric Vehicle Adoption?

Kim

Lee²,

Lee

2017

Sustainability

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“…Based on the earlier study (Beresteanu & Li, 2011), and the fact that the main complemental good of automobiles is gasoline, the price of gasoline is also included in the demand model. Furthermore, Jun (2012) used oil prices to forecast the demand for cars.…”

Section: Variablesmentioning

confidence: 99%

The Effects of the Global Financial Crisis on Automobile Demand in China

Lee¹,

Kang²

2015

IJEF

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This paper examined the factors influencing Chinese auto demand from 2001 to 2013, using multi-regression analysis. This study also investigated the effects of the recent global financial crisis on Chinese automobile demand, and compared the results with those found for three different periods of time. According to the empicral results, the main factors influencing the quantity of Chinese automobile demand before the global financial crisis were the price of automobiles, the price of gasoline, the lending rate and the personal disposable income. The main factors of influencing the Chinese auto demand during the global financial crisis were the price of automobiles, the lending rate and the personal disposable income. Only one main factor influenced Chinese auto demand after the global financial crisis, and this was the personal disposable income. The income elasticity of the demand was 0.270, 0.928 and 0.243 before, during and after the global financial crisis, respectively. The results show that automobiles are a normal good and that the personal disposable income is a very important factor in people's decisions whether or not to purchase an automobile in China. Moreover, automobiles were almost a luxury good during the global financial crisis, with the influence of personal income rising more three-fold during this period. Furthermore, the effects of the global financial crisis on Chinese automobile demand has been very significant.

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“…Small and Van Dender (2007) obtained similar results, although income shows no statistical significance. Similarly, Klier et al (2010) and Beresteanu and Li (2011) estimate the volume of hybrid car sales in the US by using standard economic variables which reflect price sensitivity. Both studies find a positive impact of fuel price on fuel intensity.…”

Section: Empirical Strategymentioning

confidence: 99%

“…Beresteanu and Li (2011) show that a US federal income tax deduction of up to USD 2000 for hybrids explains 5% of sales. Gallagher and Muehlegger (2011) find that a 1000$ tax incentive for hybrid vehicles increases sales by 3% if the incentive is allocated on federal income taxes and a 45% increase in case of a sales tax rebate; Chandra et al (2010) associates a 34% increase in sales with a CAD 1000 sales tax rebate on hybrids in Canada.…”

mentioning

confidence: 99%

The Effect of Culture on Energy Efficient Vehicle Ownership

Filippini

Wekhof

2017

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. higher than in German speaking regions. In addition, we find that popular votes on environmental issues receive a significantly higher share of approval in the French speaking regions, indicating that they place a higher value on the environment. Terms of use: Documents in

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Gasoline Prices, Government Support, and the Demand for Hybrid Vehicles in the United States*

Cited by 221 publications

References 28 publications

Does Driving Range of Electric Vehicles Influence Electric Vehicle Adoption?

Does Driving Range of Electric Vehicles Influence Electric Vehicle Adoption?

The Effects of the Global Financial Crisis on Automobile Demand in China

The Effect of Culture on Energy Efficient Vehicle Ownership

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