Do Battery-Switching Systems Accelerate the Adoption of Electric Vehicles? A Stated Preference Study

Nobuyuki Ito, Kenji Takeuchi and Shunsuke Managi

No 1645, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: We estimate willingness-to-pay (WTP) for battery-switching electric vehicles (SEVs) by using a stated choice experiment. Our estimation results show that individuals have high WTP for SEVs, provided sufficient battery-switching stations exist. When battery-switching infrastructure represents 50% of the current number of gasoline stations, individuals are indifferent between conventional gasoline vehicles and SEVs, which have a 521 thousand yen lower price than gasoline vehicles. Moreover, the estimation results suggest that vehicle drivers may recognize SEVs as vehicles for shorter drives such as daily shopping trips and thereby have lower marginal WTP with respect to cruising range.

Keywords: electric vehicle; battery-switching stations; stated preference method; choice experiment; willingness-to-pay (search for similar items in EconPapers)
JEL-codes: L62 Q42 Q51 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2016-11
New Economics Papers: this item is included in nep-dcm, nep-ene and nep-tre
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Journal Article: Do battery-switching systems accelerate the adoption of electric vehicles? A stated preference study (2019)
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