IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-01980622.html

Willingness to pay for electric vehicles in island regions: The case of Tenerife (Canary Islands)

Author

Listed:
  • Francisco Javier Ramos-Real

    (ULL - Universidad de La Laguna [Tenerife - SP])

  • Alfredo A Ramírez-Díaz

    (ULL - Universidad de La Laguna [Tenerife - SP])

  • Gustavo A Marrero

    (ULL - Universidad de La Laguna [Tenerife - SP])

  • Yannick Perez

    (LdP - Loyola de Palacio Programme - EUI - European University Institute - Institut Universitaire Européen, LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec, RITM - Réseaux Innovation Territoires et Mondialisation - UP11 - Université Paris-Sud - Paris 11)

Abstract

Electric vehicles (EVs) could be a solution to reduce final energy consumption and carbon emissions in the road transport sector. Moreover, the mobility characteristics of drivers (i.e., their average driving distance) fit better with current EV technical features on a small island than in the mainland. This paper analyzes willingness-to-change (WTC) and willingness-to-pay (WTP) for an EV in Tenerife (Canary Islands), both of which are key factors for understanding potential for EV penetration. WTC and WTP in Tenerife island are estimated based on data collected through a face-to-face survey-based contingent valuation approach. We go on to assess the impact of a set of explanatory variables on both WTC and WTP, in order to characterize the representative profile of a potential EV buyer. Informing on the basic properties of an EV and environmental concerns are found to be key factors for WTC, while income level, mobility patterns, environmental concerns and attitude-to-tech of potential buyers are found to be important factors for WTP.

Suggested Citation

  • Francisco Javier Ramos-Real & Alfredo A Ramírez-Díaz & Gustavo A Marrero & Yannick Perez, 2018. "Willingness to pay for electric vehicles in island regions: The case of Tenerife (Canary Islands)," Post-Print halshs-01980622, HAL.
    • Handle: RePEc:hal:journl:halshs-01980622
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. García-Afonso, Óscar & González-Díaz, Benjamín, 2023. "Effectiveness of zero tailpipe vehicles to reduce CO2 emissions in isolated power systems, a realistic perspective: Tenerife Island test case," Energy, Elsevier, vol. 273(C).
    2. Anna Kowalska-Pyzalska & Marek Kott & Joanna Kott, 2021. "How Much Polish Consumers Know about Alternative Fuel Vehicles? Impact of Knowledge on the Willingness to Buy," Energies, MDPI, vol. 14(5), pages 1-19, March.
    3. Francesca Battistelli & Ambra Messina & Laura Tomassetti & Cassandra Montiroli & Eros Manzo & Marco Torre & Patrizio Tratzi & Marco Segreto & Chen-Yeon Chu & Valerio Paolini & Alessandro Corsini & Fra, 2023. "Assessment of Energy, Mobility, Waste, and Water Management on Italian Small Islands," Sustainability, MDPI, vol. 15(15), pages 1-25, July.
    4. Ji-Hee Son & Jeawon Kim & Wona Lee & Songhee Han, 2022. "Willingness to Pay for the Public Electric Bus in Nepal: A Contingent Valuation Method Approach," Sustainability, MDPI, vol. 14(19), pages 1-14, October.
    5. Kim, Ju-Hee & Lim, Seul-Ye & Yoo, Seung-Hoon, 2021. "Public preferences for introducing a power-to-heat system in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    6. Andrés Lorente de las Casas & Ivelina Mirkova & Francisco J. Ramos-Real, 2021. "Stakeholders’ Perceptions of the Possible Energy Sustainability Solutions in the Hotels of the Canary Islands," Sustainability, MDPI, vol. 13(12), pages 1-26, June.
    7. Naseri, Hamed & Waygood, E.O.D. & Patterson, Zachary & Wang, Bobin, 2024. "Who is more likely to buy electric vehicles?," Transport Policy, Elsevier, vol. 155(C), pages 15-28.
    8. Freitas Gomes, Icaro Silvestre & Perez, Yannick & Suomalainen, Emilia, 2020. "Coupling small batteries and PV generation: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 126(C).
    9. Zhang, Qi & Liu, Jiangfeng & Yang, Kexin & Liu, Boyu & Wang, Ge, 2022. "Market adoption simulation of electric vehicle based on social network model considering nudge policies," Energy, Elsevier, vol. 259(C).
    10. Yan Shi & Abu Bakkar Siddik & Mohammad Masukujjaman & Guangwen Zheng & Muhammad Hamayun & Abdullah Mohammed Ibrahim, 2022. "The Antecedents of Willingness to Adopt and Pay for the IoT in the Agricultural Industry: An Application of the UTAUT 2 Theory," Sustainability, MDPI, vol. 14(11), pages 1-23, May.
    11. Ayodele, T.R. & Ogunjuyigbe, A.S.O. & Ajayi, O.D. & Yusuff, A.A. & Mosetlhe, T.C., 2021. "Willingness to pay for green electricity derived from renewable energy sources in Nigeria," Renewable and Sustainable Energy Reviews, Elsevier, vol. 148(C).
    12. Kim, Ju-Hee & Han, Su-Mi & Yoo, Seung-Hoon, 2023. "Price premium for green hydrogen in South Korea: Evidence from a stated preference study," Renewable Energy, Elsevier, vol. 211(C), pages 647-655.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-01980622. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.