The Impact of Different Incentive Policies on Hybrid Electric Vehicle Demand and Price: An International Comparison

Whitehead, Jake; Washington, Simon; Franklin, Joel P.

doi:10.3390/wevj10020020

Cited by 14 publications

(6 citation statements)

References 24 publications

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“…The final category (EV charging) covers charging infrastructure construction subsidy and charging discount. The former encourages the construction of EV charging infrastructures so as to meet the fast charging demand caused by the rapid growth of EV ownership, and the later aims to further reduce the driving cost of EVs since the price of electricity is relatively lower than that of oil [9]. As we can see, the above four categories encourage people to adopt EVs from various aspects, and they play crucial roles in promoting EVs.…”

Section: Introductionmentioning

confidence: 99%

Effect of Policy Incentives on the Uptake of Electric Vehicles in China

Long

Chen

et al. 2019

Sustainability

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In the backdrop of growing public concerns about climate change and air pollution, and the contribution of petroleum combustion in the transport sector to these issues, China has introduced a range of policy incentives for promoting the uptake of electric vehicles (EVs). These incentives have resulted in a rapid increase in EV stocks since the early 2010s, and this trend is expected to continue, or even accelerate, in the years to come, which would, in turn, lead to a policy-oriented EV market. The primary objective of the project is to develop an understanding of the effect of various policy incentives on EV uptake based on annual data of 43 cities from 2011 to 2017, and these policies mainly refer to those that focus on EV purchasing, registering, driving, and charging stages. The novelty of this paper is that we focused on policy effect on EV adoption behavior, rather than adoption intention which has widely been analyzed in previous studies. Results showed that the abolishment of purchasing and driving restriction, government subsidies, purchase tax exemption, and dedicated license plates significantly promote EV diffusion, and the effect of the two restrictions are more powerful. Thus, this study suggested that abolishment of purchasing and driving restrictions can be insisted to drive EV market share, meanwhile improving policies that can guide consumers through various motivations are also necessary.

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Section: Introductionmentioning

confidence: 99%

Effect of Policy Incentives on the Uptake of Electric Vehicles in China

Long

Chen

et al. 2019

Sustainability

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“…Many of the financial incentives for adoption of electric vehicles and energy-efficient technologies in the U.S., Europe, and Asia are quite large (e.g., Germany offers a subsidy of up to 6,000 Euros per electric vehicle). Such large subsidies are likely large enough to be effective; in the past, incentives of this magnitude have been successful at motivating uptake of hybrid and electric vehicles 94 , 95 , as well as energy efficiency technologies such as heat pumps 96 .…”

Section: Discussionmentioning

confidence: 99%

Policy makers believe money motivates more than it does

Jilke,

Keppeler,

Ternovski

et al. 2024

Sci Rep

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To motivate contributions to public goods, should policy makers employ financial incentives like taxes, fines, subsidies, and rewards? While these are widely considered as the classic policy approach, a substantial academic literature suggests the impact of financial incentives is not always positive; they can sometimes fail or even backfire. To test whether policy makers are overly bullish about financial incentives, we asked county heads, mayors, and municipal government representatives of medium-to-large towns in Germany to predict the effects of a financial incentive on COVID-19 vaccination, and tested the exact same incentive in a field experiment involving all 41,548 inhabitants (clustered in 10,032 addresses) of the German town of Ravensburg. Whereas policy makers overwhelmingly predict that the financial incentive will increase vaccination—by 15.3 percentage points on average—the same financial incentive yielded a precisely estimated null effect on vaccination. We discuss when financial incentives are most likely to fail, and conclude that it is critical to educate policy makers on the potential pitfalls of employing financial incentives to promote contributions to public goods.

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“…We have decided not to delve into the cost issue because this analysis strongly depends on the location where these sources are intended to be purchased, and prices vary significantly from one country to another [57,58]. An operational cost analysis also depends on the location where the vehicle will be used since the energy cost changes.…”

Section: A Brief Analysis Of Ess's Costmentioning

confidence: 99%

Sizing of Autonomy Source Battery–Supercapacitor Vehicle with Power Required Analyses

Lopes,

Pomilio,

Ferreira

2024

WEVJ

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The combined use of batteries and supercapacitors is an alternative to reconcile the higher energy density of batteries with the high power density of supercapacitors. The optimal sizing of this assembly, especially with the minimization of mass, is one of the challenges of designing the power system of an electric vehicle. The condition of the unpredictability of the power demand determined by the vehicle driver must also be added, which must be met by the power system without exceeding safe operating limits for the devices. This article presents a methodology for minimizing the mass of the electrical energy storage system (ESS) that considers the various aspects mentioned and a variety of battery technologies and supercapacitor values. The resulting minimum mass dimensioning is verified by simulation for different driving cycles under conditions of maximum power demand. The system also includes a tertiary source, such as a fuel cell, responsible for the vehicle’s extended autonomy. In addition to sizing the ESS, the article also proposes a management strategy for the various sources to guarantee the vehicle’s expected performance while respecting each device’s operational limits.

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The Impact of Different Incentive Policies on Hybrid Electric Vehicle Demand and Price: An International Comparison

Cited by 14 publications

References 24 publications

Effect of Policy Incentives on the Uptake of Electric Vehicles in China

Effect of Policy Incentives on the Uptake of Electric Vehicles in China

Policy makers believe money motivates more than it does

Sizing of Autonomy Source Battery–Supercapacitor Vehicle with Power Required Analyses

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