Willingness-to-pay for infrastructure investments for alternative fuel vehicles

Nobuyuki Ito, Kenji Takeuchi, Shunsuke Managi

Research output: Contribution to journalArticle

51 Citations (Scopus)

Abstract

This study investigates potential demand for infrastructure investment for alternative fuel vehicles by applying stated preference methods to a Japanese sample. The potential demand is estimated on the basis of how much people are willing to pay for alternative fuel vehicles under various refueling scenarios. Using the estimated parameters, the economic efficiency of establishing battery-exchange stations for electric vehicles is examined. The results indicate that infrastructural development of battery-exchange stations can be efficient when electric vehicle sales exceed 5.63% of all new vehicle sales. Further, we find a complementary relationship between the cruising ranges of alternative fuel vehicles and the infrastructure established.

Original languageEnglish
Pages (from-to)1-8
Number of pages8
JournalTransportation Research Part D: Transport and Environment
Volume18
Issue number1
DOIs
Publication statusPublished - Jan 1 2013
Externally publishedYes

Fingerprint

alternative fuel
Alternative fuels
willingness to pay
electric vehicle
infrastructure
sales
Electric vehicles
Sales
economic efficiency
demand
infrastructural development
scenario
Economics
vehicle
economics
battery
station

All Science Journal Classification (ASJC) codes

  • Transportation
  • Environmental Science(all)

Cite this

Willingness-to-pay for infrastructure investments for alternative fuel vehicles. / Ito, Nobuyuki; Takeuchi, Kenji; Managi, Shunsuke.

In: Transportation Research Part D: Transport and Environment, Vol. 18, No. 1, 01.01.2013, p. 1-8.

Research output: Contribution to journalArticle

@article{3e937818b7fb4d4d90fed5396718123a,
title = "Willingness-to-pay for infrastructure investments for alternative fuel vehicles",
abstract = "This study investigates potential demand for infrastructure investment for alternative fuel vehicles by applying stated preference methods to a Japanese sample. The potential demand is estimated on the basis of how much people are willing to pay for alternative fuel vehicles under various refueling scenarios. Using the estimated parameters, the economic efficiency of establishing battery-exchange stations for electric vehicles is examined. The results indicate that infrastructural development of battery-exchange stations can be efficient when electric vehicle sales exceed 5.63{\%} of all new vehicle sales. Further, we find a complementary relationship between the cruising ranges of alternative fuel vehicles and the infrastructure established.",
author = "Nobuyuki Ito and Kenji Takeuchi and Shunsuke Managi",
year = "2013",
month = "1",
day = "1",
doi = "10.1016/j.trd.2012.08.004",
language = "English",
volume = "18",
pages = "1--8",
journal = "Transportation Research, Part D: Transport and Environment",
issn = "1361-9209",
publisher = "Elsevier Limited",
number = "1",

}

TY - JOUR

T1 - Willingness-to-pay for infrastructure investments for alternative fuel vehicles

AU - Ito, Nobuyuki

AU - Takeuchi, Kenji

AU - Managi, Shunsuke

PY - 2013/1/1

Y1 - 2013/1/1

N2 - This study investigates potential demand for infrastructure investment for alternative fuel vehicles by applying stated preference methods to a Japanese sample. The potential demand is estimated on the basis of how much people are willing to pay for alternative fuel vehicles under various refueling scenarios. Using the estimated parameters, the economic efficiency of establishing battery-exchange stations for electric vehicles is examined. The results indicate that infrastructural development of battery-exchange stations can be efficient when electric vehicle sales exceed 5.63% of all new vehicle sales. Further, we find a complementary relationship between the cruising ranges of alternative fuel vehicles and the infrastructure established.

AB - This study investigates potential demand for infrastructure investment for alternative fuel vehicles by applying stated preference methods to a Japanese sample. The potential demand is estimated on the basis of how much people are willing to pay for alternative fuel vehicles under various refueling scenarios. Using the estimated parameters, the economic efficiency of establishing battery-exchange stations for electric vehicles is examined. The results indicate that infrastructural development of battery-exchange stations can be efficient when electric vehicle sales exceed 5.63% of all new vehicle sales. Further, we find a complementary relationship between the cruising ranges of alternative fuel vehicles and the infrastructure established.

UR - http://www.scopus.com/inward/record.url?scp=84866904116&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84866904116&partnerID=8YFLogxK

U2 - 10.1016/j.trd.2012.08.004

DO - 10.1016/j.trd.2012.08.004

M3 - Article

AN - SCOPUS:84866904116

VL - 18

SP - 1

EP - 8

JO - Transportation Research, Part D: Transport and Environment

JF - Transportation Research, Part D: Transport and Environment

SN - 1361-9209

IS - 1

ER -