TY - JOUR
T1 - Willingness-to-pay for infrastructure investments for alternative fuel vehicles
AU - Ito, Nobuyuki
AU - Takeuchi, Kenji
AU - Managi, Shunsuke
N1 - Funding Information:
We are grateful for the comments from the anonymous referees and the editor. All remaining errors are our own. Kenji Takeuchi would also like to thank the Department of Economics at the University of Gothenburg for giving him the opportunity of visiting research. This study was supported by a grant from the Policy Studies of Environment and Economy (2009–2011), the Ministry of Environment, Japan.
PY - 2013/1
Y1 - 2013/1
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 -
