EconPapers    
Economics at your fingertips  
 

A Game-Theory Analysis of Electric Vehicle Adoption in Beijing under License Plate Control Policy

Lijing Zhu, Jingzhou Wang, Arash Farnoosh and Xunzhang Pan
Additional contact information
Lijing Zhu: China University of Petroleum
Jingzhou Wang: China University of Petroleum, IFPEN - IFP Energies nouvelles, IFP School
Arash Farnoosh: IFPEN - IFP Energies nouvelles, IFP School
Xunzhang Pan: China University of Petroleum

Post-Print from HAL

Abstract: To reduce traffic congestion and protect the environment, license plate control (LPC) policy has been implemented in Beijing since 2011. In 2019, 100,000 vehicle license plates were distributed, including 60,000 for electric vehicles (EVs) and 40,000 for gasoline vehicle (GVs). However, whether the current license plate allocation is optimal from a social welfare maximization perspective remains unclear. This paper proposes a two-level Stackelberg game, which portrays the interaction between vehicle applicants and the government to quantify the optimal number of EV license plates under the LPC policy in Beijing. The equilibrium number of EV license plates derived from the Stackelberg model is 58,800, which could increase the social welfare by 0.38%. Sensitivity analysis is conducted to illustrate the impact of important influential factors — total license plate quota, vehicle rental fee, and energy price — on EV adoption. The LPC policy under COVID-19 is also studied through a scenario analysis. If the government additionally increases the total quota by 20,000, 24% could be allocated to GV and 76% to EV. One third reduction of the current vehicle rental fee could increase EV license plates by 10.5%. In terms of energy prices, when gasoline price is low, reducing electricity prices could contribute to EV adoption significantly, while that effect tapers off as gasoline prices increase.

Keywords: Electric vehicle; License plate control (LPC) policy; Stackelberg game theory; License plate quota (search for similar items in EconPapers)
Date: 2022-04
New Economics Papers: this item is included in nep-cna, nep-dem, nep-ene, nep-gth and nep-tre
Note: View the original document on HAL open archive server: https://ifp.hal.science/hal-03686100v1
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Published in Energy, 2022, 244 (Part A), pp.122628. ⟨10.1016/j.energy.2021.122628⟩

Downloads: (external link)
https://ifp.hal.science/hal-03686100v1/document (application/pdf)

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:hal:journl:hal-03686100

DOI: 10.1016/j.energy.2021.122628

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).

 
Page updated 2025-03-19
Handle: RePEc:hal:journl:hal-03686100