Scale, Scope and Cognition: Context Analysis of Multiple Stated Choice Experiments on the Values of Life and Limb

Bočkarjova, M.; Rietveld, Piet; Verhoef, Erik T.

doi:10.2139/ssrn.2047042

Cited by 1 publication

(1 citation statement)

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“…Costs associated with fast charging are estimated at -€63 per hour which is substantially higher, about a factor 10, than the value of time (VOT) estimates obtained in other contexts (see , Bockarjova et al 2012. This points at extreme inconvenience that respondents attach to time spent on fast charging when they are on route for long distance trips, given the expected frequency of charging for electric vehicle.…”

Section: Resultsmentioning

confidence: 76%

Adoption of Electric Vehicle in the Netherlands - A Stated Choice Experiment

Bočkarjova

Rietveld

Knockaert³

2013

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. Terms of use: Documents in AbstractIn this paper, we develop a dynamic innovation diffusion framework to model adoption of full electric vehicles in the Netherlands. Three major phases of adoption are distinguished: introduction, growth and maturity. Adoption stages are further integrated into an SP study to elicit individual preferences for conventional, hybrid and full electric vehicles. We apply a nested logit model to estimate the preferences for EVs based on the generalised costs of ownership approach that includes monetary and non-monetary costs of owing a vehicle.With positive estimates of WTP for hybrid vehicles (of about €900 on a yearly basis), our results suggest abolishment of subsidization of hybrid vehicles as they potentially crowd out EV adoption. Time costs associated with rapid charging are a substantial hindrance to EV adoption with average value of time of €63 per hour, increasing for each subsequent consumer segment from €48 to €122 per hour. Environmental costs of CO2 reductions are valued far above the market average at €160 per ton, but determine EV choices only at a later stage of adoption. Finally, towing potential is valued on average at €540 per year and it is about the same for all consumer segments throughout the adoption phases. Policy implications are discussed involving a mix of structural and monetary incentives.

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Section: Resultsmentioning

confidence: 76%