4 research outputs found
Electric Car Purchase Price as a Factor Determining Consumersâ Choice and their Views on Incentives in Europe
The deployment of zero-emission vehicles has the potential to drastically reduce air pollution and greenhouse gas emissions from road transport. The purpose of this study is to provide evidence on, and quantify the factors that influence, the European market for electric and fuel cell car technologies. The paper reports the results of a stated preference survey among 1,248 car owners in France, Germany, Italy, Poland, Spain and the United Kingdom. The variables that influence powertrain choice are quantified in a nested multinomial logit model. We find that the electric car purchase price continues to be a major deterrent to sales in the surveyed countries. The majority of the respondents considered government incentives as fundamental or important for considering an electric car purchase. Because of the differences in the socio-economic characteristics of consumers in each country, the effectiveness of government incentives may vary across Europe
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The Hidden Side of Electro-Mobility: Modelling Agentsâ Financial Statements and Their Interactions with a European Focus
Peer reviewed: TrueWhile much attention has been given, to date, to subsidies and taxes, the literature on the topic is yet to address less visible aspects of electro-mobility. These include the interactions among players, including money exchanges, and balance sheet issues. Analysing these is needed, as it helps identify additional mechanisms that may affect electro-mobility. This paper reports a modelling exercise that applies the system dynamics method, with its focus on stock and flow variables. The resulting simulation model captures the financial statements of several macro agents. The results show that the objective of the study is met: the model remains âstock-flow consistentâ, meaning that assets and equity and liabilities balance out. By attaining this, the model serves as a coherent framework that makes the âhiddenâ side of electro-mobility visible, for the first time, based on current state-of-the-art, with the implication that it facilitates the analysis of potential financial factors that may either jeopardise or be conducive to faster road electrification. We conclude that the incorporation of the financial statements of key electro-mobility agents and their interlinkages in a simulation model is both a feasible and desired property for policy-relevant models.</jats:p