IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v109y2017icp473-478.html
   My bibliography  Save this article

Impacts of renewables and socioeconomic factors on electric vehicle demands – Panel data studies across 14 countries

Author

Listed:
  • Li, Xiaomin
  • Chen, Pu
  • Wang, Xingwu

Abstract

Electric vehicle demands have increased rapidly since 2010, and depend on renewables and socioeconomic factors. Using panel data from fourteen countries between 2010 and 2015, we study impacts of seven factors in a multiple linear regression model. The factors include percentage of renewable energies in electricity generation, number of charging stations, education level, population density, gasoline price, GDP per capita and urbanization. The first four factors have apparent and positive impacts on the demands, and the last two factors don’t. The gasoline price affects the demands for BEVs (battery electric vehicles) more than that for PHEVs (plug-in hybrid electric vehicles). One percent increase in renewables would lead to approximately 2–6% increase in EV demands. Based on the results, policy implications are discussed.

Suggested Citation

  • Li, Xiaomin & Chen, Pu & Wang, Xingwu, 2017. "Impacts of renewables and socioeconomic factors on electric vehicle demands – Panel data studies across 14 countries," Energy Policy, Elsevier, vol. 109(C), pages 473-478.
    • Handle: RePEc:eee:enepol:v:109:y:2017:i:c:p:473-478
    DOI: 10.1016/j.enpol.2017.07.021
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421517304512
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2017.07.021?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hidrue, Michael K. & Parsons, George R. & Kempton, Willett & Gardner, Meryl P., 2011. "Willingness to pay for electric vehicles and their attributes," Resource and Energy Economics, Elsevier, vol. 33(3), pages 686-705, September.
    2. Dijk, Marc & Orsato, Renato J. & Kemp, René, 2013. "The emergence of an electric mobility trajectory," Energy Policy, Elsevier, vol. 52(C), pages 135-145.
    3. Egbue, Ona & Long, Suzanna, 2012. "Barriers to widespread adoption of electric vehicles: An analysis of consumer attitudes and perceptions," Energy Policy, Elsevier, vol. 48(C), pages 717-729.
    4. Langbroek, Joram H.M. & Franklin, Joel P. & Susilo, Yusak O., 2016. "The effect of policy incentives on electric vehicle adoption," Energy Policy, Elsevier, vol. 94(C), pages 94-103.
    5. Green, Erin H. & Skerlos, Steven J. & Winebrake, James J., 2014. "Increasing electric vehicle policy efficiency and effectiveness by reducing mainstream market bias," Energy Policy, Elsevier, vol. 65(C), pages 562-566.
    6. Claire Weiller & Ramteen Sioshansi, 2014. "The Role of Plug-In Electric Vehicles with Renewable Resources in Electricity Systems," Revue d'économie industrielle, De Boeck Université, vol. 0(4), pages 291-316.
    7. Kaddour Hadri, 2000. "Testing for stationarity in heterogeneous panel data," Econometrics Journal, Royal Economic Society, vol. 3(2), pages 148-161.
    8. Arie Beresteanu & Shanjun Li, 2011. "Gasoline Prices, Government Support, And The Demand For Hybrid Vehicles In The United States," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(1), pages 161-182, February.
    9. Gallagher, Kelly Sims & Muehlegger, Erich, 2011. "Giving green to get green? Incentives and consumer adoption of hybrid vehicle technology," Journal of Environmental Economics and Management, Elsevier, vol. 61(1), pages 1-15, January.
    10. Riesz, Jenny & Elliston, Ben, 2016. "Research and deployment priorities for renewable technologies: Quantifying the importance of various renewable technologies for low cost, high renewable electricity systems in an Australian case study," Energy Policy, Elsevier, vol. 98(C), pages 298-308.
    11. Stram, Bruce N., 2016. "Key challenges to expanding renewable energy," Energy Policy, Elsevier, vol. 96(C), pages 728-734.
    12. Diamond, David, 2009. "The impact of government incentives for hybrid-electric vehicles: Evidence from US states," Energy Policy, Elsevier, vol. 37(3), pages 972-983, March.
    13. Brownstone, David & Bunch, David S. & Train, Kenneth, 2000. "Joint mixed logit models of stated and revealed preferences for alternative-fuel vehicles," Transportation Research Part B: Methodological, Elsevier, vol. 34(5), pages 315-338, June.
    14. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
    15. Martino Tran & David Banister & Justin D. K. Bishop & Malcolm D. McCulloch, 2012. "Realizing the electric-vehicle revolution," Nature Climate Change, Nature, vol. 2(5), pages 328-333, May.
    16. Dias, Marcos Vinícius Xavier & Haddad, Jamil & Horta Nogueira, Luiz & Costa Bortoni, Edson da & Passos da Cruz, Ricardo Alexandre & Akira Yamachita, Roberto & Goncalves, Jose Luiz, 2014. "The impact on electricity demand and emissions due to the introduction of electric cars in the São Paulo Power System," Energy Policy, Elsevier, vol. 65(C), pages 298-304.
    17. Hennings, Wilfried & Mischinger, Stefan & Linssen, Jochen, 2013. "Utilization of excess wind power in electric vehicles," Energy Policy, Elsevier, vol. 62(C), pages 139-144.
    18. Joshua D. Angrist & Jörn-Steffen Pischke, 2009. "Mostly Harmless Econometrics: An Empiricist's Companion," Economics Books, Princeton University Press, edition 1, number 8769.
    19. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    20. Sierzchula, William & Bakker, Sjoerd & Maat, Kees & van Wee, Bert, 2014. "The influence of financial incentives and other socio-economic factors on electric vehicle adoption," Energy Policy, Elsevier, vol. 68(C), pages 183-194.
    21. Brownstone, David & Bunch, David S. & Train, Kenneth, 2000. "Joint mixed logit models of stated and revealed preferences for alternative-fuel vehicles," Transportation Research Part B: Methodological, Elsevier, vol. 34(5), pages 315-338, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chandra, Minal, 2022. "Investigating the impact of policies, socio-demography and national commitments on electric-vehicle demand: Cross-country study," Journal of Transport Geography, Elsevier, vol. 103(C).
    2. Egnér, Filippa & Trosvik, Lina, 2018. "Electric vehicle adoption in Sweden and the impact of local policy instruments," Energy Policy, Elsevier, vol. 121(C), pages 584-596.
    3. Seiho Kim & Jaesik Lee & Chulung Lee, 2017. "Does Driving Range of Electric Vehicles Influence Electric Vehicle Adoption?," Sustainability, MDPI, vol. 9(10), pages 1-15, October.
    4. Sierzchula, William & Bakker, Sjoerd & Maat, Kees & van Wee, Bert, 2014. "The influence of financial incentives and other socio-economic factors on electric vehicle adoption," Energy Policy, Elsevier, vol. 68(C), pages 183-194.
    5. Qiu, Y.Q. & Zhou, P. & Sun, H.C., 2019. "Assessing the effectiveness of city-level electric vehicle policies in China," Energy Policy, Elsevier, vol. 130(C), pages 22-31.
    6. Makena Coffman & Paul Bernstein & Sherilyn Wee, 2017. "Electric vehicles revisited: a review of factors that affect adoption," Transport Reviews, Taylor & Francis Journals, vol. 37(1), pages 79-93, January.
    7. Bassem Haidar & Pascal da Costa & Jan Lepoutre & Yannick Perez, 2019. "Corri-door project: did it really boost the french electric vehicle market?," Post-Print hal-02438211, HAL.
    8. DeShazo, J.R. & Sheldon, Tamara L. & Carson, Richard T., 2017. "Designing policy incentives for cleaner technologies: Lessons from California's plug-in electric vehicle rebate program," Journal of Environmental Economics and Management, Elsevier, vol. 84(C), pages 18-43.
    9. Wee, Sherilyn & Coffman, Makena & Allen, Scott, 2020. "EV driver characteristics: Evidence from Hawaii," Transport Policy, Elsevier, vol. 87(C), pages 33-40.
    10. Cecere, Grazia & Corrocher, Nicoletta & Guerzoni, Marco, 2018. "Price or performance? A probabilistic choice analysis of the intention to buy electric vehicles in European countries," Energy Policy, Elsevier, vol. 118(C), pages 19-32.
    11. Makena Coffman & Scott Allen & Sherilyn Wee, 2018. "Who are Driving Electric Vehicles? An analysis of factors that affect EV adoption in Hawaii," Working Papers 2018-3, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    12. Clinton, Bentley C. & Steinberg, Daniel C., 2019. "Providing the Spark: Impact of financial incentives on battery electric vehicle adoption," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    13. Alali, Layla & Niesten, Eva & Gagliardi, Dimitri, 2022. "The impact of UK financial incentives on the adoption of electric fleets: The moderation effect of GDP change," Transportation Research Part A: Policy and Practice, Elsevier, vol. 161(C), pages 200-220.
    14. Mekky, Maher F. & Collins, Alan R., 2024. "The Impact of state policies on electric vehicle adoption -A panel data analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
    15. Lee, Yongseung & Kim, Chongman & Shin, Juneseuk, 2016. "A hybrid electric vehicle market penetration model to identify the best policy mix: A consumer ownership cycle approach," Applied Energy, Elsevier, vol. 184(C), pages 438-449.
    16. Wang, Ning & Tang, Linhao & Pan, Huizhong, 2018. "Analysis of public acceptance of electric vehicles: An empirical study in Shanghai," Technological Forecasting and Social Change, Elsevier, vol. 126(C), pages 284-291.
    17. Chenlei Xue & Huaguo Zhou & Qunqi Wu & Xueying Wu & Xingbo Xu, 2021. "Impact of Incentive Policies and Other Socio-Economic Factors on Electric Vehicle Market Share: A Panel Data Analysis from the 20 Countries," Sustainability, MDPI, vol. 13(5), pages 1-12, March.
    18. Yan, Shiyu, 2018. "The economic and environmental impacts of tax incentives for battery electric vehicles in Europe," Energy Policy, Elsevier, vol. 123(C), pages 53-63.
    19. Eunsung Kim & Eunnyeong Heo, 2019. "Key Drivers behind the Adoption of Electric Vehicle in Korea: An Analysis of the Revealed Preferences," Sustainability, MDPI, vol. 11(23), pages 1-15, December.
    20. Alberini, Anna & Di Cosmo, Valeria & Bigano, Andrea, 2019. "How are fuel efficient cars priced? Evidence from eight EU countries," Energy Policy, Elsevier, vol. 134(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:109:y:2017:i:c:p:473-478. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.