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Purchase and Utilization of New Fuel Efficient Vehicles in the US: Evidence from the 2009 National Household Transportation Survey Data

Author

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  • Qing Su

    (Department of Marketing, Economics, and Sports Business North Kentucky University, BC 338, Nunn Drive, Highland Heights, KY 41099. USA.)

Abstract

This paper applies a simultaneous equation model to examine the relationship between choices of new fuel efficient vehicles and their utilization using the 2009 NHTS data. The regression results indicate that travelers purchasing new fuel efficient vehicles with a fuel economy of at least 30 mpg drive more on a monthly basis than others owning a new vehicle with lower fuel economy. In addition, those who travel more are more likely to purchase a new fuel efficient vehicle with a fuel economy of at least 30 mpg in the study period. The gasoline price has a significant negative impact on new vehicle utilization while a significant positive impact on choices of new vehicles with a fuel economy of at least 30 mpg.

Suggested Citation

  • Qing Su, 2014. "Purchase and Utilization of New Fuel Efficient Vehicles in the US: Evidence from the 2009 National Household Transportation Survey Data," International Journal of Energy Economics and Policy, Econjournals, vol. 4(1), pages 1-14.
    • Handle: RePEc:eco:journ2:2014-01-1
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    Cited by:

    1. Wang, Jiaxing & Matsumoto, Shigeru, 2022. "Can subsidy programs lead consumers to select “greener” products?: Evidence from the Eco-car program in Japan," Research in Transportation Economics, Elsevier, vol. 91(C).
    2. Jiaxing Wang & Shigeru Matsumoto, 2019. "Can subsidy programs change the customer base of next-generation vehicles?," RIEEM Discussion Paper Series 1904, Research Institute for Environmental Economics and Management, Waseda University.

    More about this item

    Keywords

    R22; R41;

    JEL classification:

    • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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