Simulating Demand for Electrical Vehicles using Revealed Preference Data
AbstractWe have modelled the market for new cars in Ireland with the aim of quantifying the values placed on a range of observable car characteristics. Mid-sized petrol cars with a manual transmission sell best. Price and perhaps fuel cost are negatively associated with sales, and acceleration and perhaps range are positively associated. Hybrid cars are popular. The values of car characteristics are then used to simulate the likely market shares of three new electrical vehicles. Electrical vehicles tend to be more expensive even after tax breaks and subsidies are applied, but we assume their market shares would benefit from an "environmental" premium similar to those of hybrid cars. The "environmental" premium and the level of subsidies would need to be raised to incredible levels to reach the government target of 10% market penetration of all-electric vehicles.
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Bibliographic InfoPaper provided by Economic and Social Research Institute (ESRI) in its series Papers with number WP437.
Date of creation: May 2012
Date of revision:
Other versions of this item:
- Driscoll, Áine & Lyons, Seán & Mariuzzo, Franco & Tol, Richard S.J., 2013. "Simulating demand for electric vehicles using revealed preference data," Energy Policy, Elsevier, vol. 62(C), pages 686-696.
- NEP-ALL-2012-06-05 (All new papers)
- NEP-ENE-2012-06-05 (Energy Economics)
- NEP-ENV-2012-06-05 (Environmental Economics)
- NEP-TRE-2012-06-05 (Transport Economics)
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