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Working Paper 01-19 - Future evolution of the car stock in Belgium: CASMO, the new satellite of PLANET

Author

Listed:
  • Laurent Franckx

Abstract

The new Belgian CAr Stock MOdel, which is linked to the national transport demand model PLANET, is structured as follows: (a) The total desired car stock in each future year is a function of the country's population and GDP per capita. (b) The probability that a car is scrapped is modelled as a function of its age and accumulated mileage. The desired car stock is then confronted with the remaining car stock to determine total car purchases. (c) Total sales are allocated to individual emission classes, using the parameter values of a Stated Preference discrete choice model. The model is then calibrated in order to reflect the current market and policy context in Belgium (d) The results are mapped into an inventory that is aggregated according to the EURO emission class. (e) In order to represent that the non-price barriers to electrified cars will decrease over time, we have implemented an alternative approach where the perceived acquisition costs decrease over time. Alternatively, this approach can be used to explore what would be the required decrease in subjective costs to reach a given future market share.

Suggested Citation

  • Laurent Franckx, 2019. "Working Paper 01-19 - Future evolution of the car stock in Belgium: CASMO, the new satellite of PLANET," Working Papers 201901, Federal Planning Bureau, Belgium.
  • Handle: RePEc:fpb:wpaper:201901
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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