Economics at your fingertips  

Policy and industry implications of the potential market penetration of electric vehicles with eco-cooperative adaptive cruise control

Javier Bas (), José Zofío, Cinzia Cirillo, Hao Chen and Hesham A. Rakha

Transportation Research Part A: Policy and Practice, 2022, vol. 164, issue C, 242-256

Abstract: The Eco-Cooperative Adaptive Cruise Control (Eco-CACC) makes use of an algorithm to compute energy-optimized speed profiles within the vicinity of signalized intersections. We conduct a stated choice experiment to unveil the inclination of drivers towards the Eco-CACC and to calculate its potential market share. To do so, we consider the performance of the system in field and simulated tests, as well as different types of drivers. Models of discrete choice are used to identify key elements in the adoption of this technology and its market penetration. The study has been performed for gasoline and electric vehicles, as well as for different categories of roads (arterial, highways and both), separately, exploring the effect of the advantages that the Eco-CACC features bring to both. Our results demonstrate, for the gasoline-powered, that potential purchasers perceive a clear trade-off between the cost of the system and the fuel savings that it provides. This is not the case for potential electric vehicles purchasers, for whom the cost-benefit analysis is adverse, mainly due to the low cost of electricity compared to gasoline. Nevertheless, the market shares resulting from the estimated models give a significant quota to the alternatives that include the Eco-CACC, resulting from favorable attitudes towards environmentally friendly technological innovations.

Keywords: Eco-CACC; Electric vehicle; Fuel savings; Market share (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
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:

Ordering information: This journal article can be ordered from
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tra.2022.08.007

Access Statistics for this article

Transportation Research Part A: Policy and Practice is currently edited by John (J.M.) Rose

More articles in Transportation Research Part A: Policy and Practice from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2023-12-06
Handle: RePEc:eee:transa:v:164:y:2022:i:c:p:242-256