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

Nobuyuki Ito; Kenji Takeuchi; Shunsuke Managi

doi:10.1016/j.trd.2012.08.004

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

Nobuyuki Ito, Kenji Takeuchi, Shunsuke Managi

Research output: Contribution to journal › Article › peer-review

60 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 language	English
Pages (from-to)	1-8
Number of pages	8
Journal	Transportation Research Part D: Transport and Environment
Volume	18
Issue number	1
DOIs	https://doi.org/10.1016/j.trd.2012.08.004
Publication status	Published - Jan 2013
Externally published	Yes

All Science Journal Classification (ASJC) codes

Civil and Structural Engineering
Transportation
Environmental Science(all)

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10.1016/j.trd.2012.08.004

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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",

note = "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. ",

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AU - Ito, Nobuyuki

AU - Takeuchi, Kenji

AU - Managi, Shunsuke

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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.

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