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Willingness to pay for fast charging station for electric vehicles with limited market penetration making

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  • Ardeshiri, Ali
  • Rashidi, Taha Hossein

Abstract

This study investigates the potential public demand for investing in electric vehicles infrastructure using a stated preference method. Availability of electric vehicle fast charging stations can improve consumer penetration and acceptance level of purchasing electric vehicles. The outlook of passenger transport is expected to shift to using electricity as the main fuel source which requires a significant amount of energy through the electricity grid and provision of appropriate public charging infrastructure to help support commuter usage. To quantify the preference of users towards an energy related policy, a discrete choice experiment using a virtual payment system was designed to increment an annual levy amount for specific purpose over a set of years. The results from a sample of 1180 households in New South Wales Australia, revealed that depending on the policy setting, 74.2% of the population would be willing to pay some amount of levy. Moreover, we found that on average NSW households are willing to pay $31.9 as annual levy to help raise the fund to develop and install fast charging station state-wide.

Suggested Citation

  • Ardeshiri, Ali & Rashidi, Taha Hossein, 2020. "Willingness to pay for fast charging station for electric vehicles with limited market penetration making," Energy Policy, Elsevier, vol. 147(C).
    • Handle: RePEc:eee:enepol:v:147:y:2020:i:c:s0301421520305401
    DOI: 10.1016/j.enpol.2020.111822
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    5. Haddad, Diala & Konstantinou, Theodora & Aliprantis, Dionysios & Gkritza, Konstantina & Pekarek, Steven & Haddock, John, 2022. "Analysis of the financial viability of high-powered electric roadways: A case study for the state of Indiana," Energy Policy, Elsevier, vol. 171(C).
    6. Philip, Thara & Whitehead, Jake & Prato, Carlo G., 2023. "Adoption of electric vehicles in a laggard, car-dependent nation: Investigating the potential influence of V2G and broader energy benefits on adoption," Transportation Research Part A: Policy and Practice, Elsevier, vol. 167(C).
    7. Prahaladh Paniyil & Vishwas Powar & Rajendra Singh, 2021. "Sustainable Intelligent Charging Infrastructure for Electrification of Transportation," Energies, MDPI, vol. 14(17), pages 1-23, August.
    8. Sami M. Alshareef, 2022. "A Novel Fairness-Based Cost Model for Adopting Smart Charging at Fast Charging Stations," Sustainability, MDPI, vol. 14(11), pages 1-28, May.
    9. Bansal, Prateek & Kumar, Rajeev Ranjan & Raj, Alok & Dubey, Subodh & Graham, Daniel J., 2021. "Willingness to pay and attitudinal preferences of Indian consumers for electric vehicles," Energy Economics, Elsevier, vol. 100(C).
    10. Unnati Tuladhar & Nuttaya Yuangyai & Theerakamol Pengsakul & Saroj Gyawali, 2023. "The Determination of Willingness to Pay for Electrical Vehicles: A Literature Review," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 425-431, September.
    11. Prateek Bansal & Rajeev Ranjan Kumar & Alok Raj & Subodh Dubey & Daniel J. Graham, 2021. "Willingness to Pay and Attitudinal Preferences of Indian Consumers for Electric Vehicles," Papers 2101.08008, arXiv.org, revised May 2021.

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