Review of hybrid, plug-in hybrid, and electric vehicle market modeling Studies

Baha M. Al-Alawi and Thomas H. Bradley

Renewable and Sustainable Energy Reviews, 2013, vol. 21, issue C, 190-203

Abstract: Hybrid, plug-in hybrid and electric vehicles (HEVs, PHEVs, and EVs) are emerging automotive products that have the capability to increase vehicle fuel economy, but at an incremental purchase cost relative to conventional vehicles. In general, their reduced petroleum consumption and improved efficiency provides life cycle economic benefits to consumers, society, automakers, and policymakers. These stakeholders have sought to understand the role of HEVs, PHEVs, and EVs in the future vehicle fleets by estimating the diffusion rate of these technologies into the automotive marketplace. This review presents a comprehensive summary of the literature of HEV, PHEV and EV penetration rate studies, their methods, and their recommendations. These studies have applied a suite of analytical and computational tools to model the consumer acceptability of these technologies under a wide variety of policy and macroeconomic scenarios. The results of these studies are compared and synthesized to understand the strengths and weaknesses of the field and to propose further means for improvement of advanced technology vehicle market modeling exercises. On the basis of this review, the authors recommend that modeling of HEV, PHEV and EV penetration rates should include improved interfaces with consumer surveys, modeling of automakers' actions, federal and state policy and its effect on automotive markets, competition among technologies, market volume, vehicle classifications, and model parameters sensitivity analysis.

Keywords: Plug-in hybrid electric vehicles; Agent-based model; Consumer choice model; Diffusion rate model (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (126)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S136403211300004X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:21:y:2013:i:c:p:190-203

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2012.12.048

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().