IDEAS home Printed from https://ideas.repec.org/a/eee/transb/v152y2021icp258-275.html
   My bibliography  Save this article

Sharing economy of electric vehicle private charge posts

Author

Listed:
  • Hu, Xu
  • Yang, Zhaojun
  • Sun, Jun
  • Zhang, Yali

Abstract

The increasing popularity of electric vehicles (EVs) leads to heightened demand for the charging infrastructure. More and more EV drivers install private charge posts, which can now be shared with others through certain mobile apps. This emerging phenomenon is becoming a prominent part of the sharing economy. To examine the impacts of post sharing on EV charging market, this study establishes game theory models on consumer choices among private, public, and shared options. Such peer-to-peer sharing and collaborative consumption redistribute the installation and operation costs of private charge posts in proportion to their increased utilization. Numerical analyses suggest that the sharing mode provides a win-win solution for charge post owners and non-owner consumers, as well as electricity distributors and public charging infrastructure operators. In the case of China, the estimated saving for charge post owners is between 20% and 50%, which can be translated into more non-government investment in the EV industry chain. The findings provide supporting evidence for policy-makers to promote private charge post sharing, especially with certain consumer subsidization at a reasonable level.

Suggested Citation

  • Hu, Xu & Yang, Zhaojun & Sun, Jun & Zhang, Yali, 2021. "Sharing economy of electric vehicle private charge posts," Transportation Research Part B: Methodological, Elsevier, vol. 152(C), pages 258-275.
    • Handle: RePEc:eee:transb:v:152:y:2021:i:c:p:258-275
    DOI: 10.1016/j.trb.2021.09.001
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0191261521001673
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.trb.2021.09.001?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. Ioannis Bellos & Mark Ferguson & L. Beril Toktay, 2017. "The Car Sharing Economy: Interaction of Business Model Choice and Product Line Design," Manufacturing & Service Operations Management, INFORMS, vol. 19(2), pages 185-201, May.
    2. Pelletier, Samuel & Jabali, Ola & Laporte, Gilbert, 2019. "The electric vehicle routing problem with energy consumption uncertainty," Transportation Research Part B: Methodological, Elsevier, vol. 126(C), pages 225-255.
    3. Samuel P. Fraiberger & Arun Sundararajan, 2015. "Peer-to-Peer Rental Markets in the Sharing Economy," Working Papers 15-19, NET Institute.
    4. Avraham, Edison & Raviv, Tal & Khmelnitsky, Eugene, 2017. "The decentralized field service routing problem," Transportation Research Part B: Methodological, Elsevier, vol. 104(C), pages 290-316.
    5. Baojun Jiang & Lin Tian, 2018. "Collaborative Consumption: Strategic and Economic Implications of Product Sharing," Management Science, INFORMS, vol. 64(3), pages 1171-1188, March.
    6. Zhao, Xiaoli & Cai, Qiong & Li, Shujie & Ma, Chunbo, 2018. "Public preferences for biomass electricity in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 95(C), pages 242-253.
    7. Apostolos Filippas & John J. Horton & Richard J. Zeckhauser, 2020. "Owning, Using, and Renting: Some Simple Economics of the “Sharing Economy”," Management Science, INFORMS, vol. 66(9), pages 4152-4172, September.
    8. Helveston, John Paul & Liu, Yimin & Feit, Elea McDonnell & Fuchs, Erica & Klampfl, Erica & Michalek, Jeremy J., 2015. "Will subsidies drive electric vehicle adoption? Measuring consumer preferences in the U.S. and China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 73(C), pages 96-112.
    9. Zhu, Lijing & Zhang, Qi & Lu, Huihui & Li, Hailong & Li, Yan & McLellan, Benjamin & Pan, Xunzhang, 2017. "Study on crowdfunding’s promoting effect on the expansion of electric vehicle charging piles based on game theory analysis," Applied Energy, Elsevier, vol. 196(C), pages 238-248.
    10. Shao, Saijun & Xu, Su Xiu & Yang, Hai & Huang, George Q., 2020. "Parking reservation disturbances," Transportation Research Part B: Methodological, Elsevier, vol. 135(C), pages 83-97.
    11. Xu, Su Xiu & Huang, George Q., 2014. "Efficient auctions for distributed transportation procurement," Transportation Research Part B: Methodological, Elsevier, vol. 65(C), pages 47-64.
    12. Wolff, Stefanie & Madlener, Reinhard, 2019. "Charged up? Preferences for Electric Vehicle Charging and Implications for Charging Infrastructure Planning," FCN Working Papers 3/2019, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
    13. Saif Benjaafar & Guangwen Kong & Xiang Li & Costas Courcoubetis, 2019. "Peer-to-Peer Product Sharing: Implications for Ownership, Usage, and Social Welfare in the Sharing Economy," Management Science, INFORMS, vol. 65(2), pages 477-493, February.
    14. Wu, Fei & Sioshansi, Ramteen, 2017. "A two-stage stochastic optimization model for scheduling electric vehicle charging loads to relieve distribution-system constraints," Transportation Research Part B: Methodological, Elsevier, vol. 102(C), pages 55-82.
    15. Lin Tian & Baojun Jiang, 2018. "Effects of Consumer†to†Consumer Product Sharing on Distribution Channel," Production and Operations Management, Production and Operations Management Society, vol. 27(2), pages 350-367, February.
    16. Sun, Bo & Sun, Xu & Tsang, Danny H.K. & Whitt, Ward, 2019. "Optimal battery purchasing and charging strategy at electric vehicle battery swap stations," European Journal of Operational Research, Elsevier, vol. 279(2), pages 524-539.
    17. Kuppusamy, Saravanan & Magazine, Michael J. & Rao, Uday, 2017. "Electric vehicle adoption decisions in a fleet environment," European Journal of Operational Research, Elsevier, vol. 262(1), pages 123-135.
    18. Zhang, Qi & Li, Hailong & Zhu, Lijing & Campana, Pietro Elia & Lu, Huihui & Wallin, Fredrik & Sun, Qie, 2018. "Factors influencing the economics of public charging infrastructures for EV – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 500-509.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hu, Xu & Yang, Zhaojun & Sun, Jun & Zhang, Yali, 2023. "Optimal pricing strategy for electric vehicle battery swapping: Pay-per-swap or subscription?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 171(C).
    2. Xingjun, Huang & Mao, Zhouhui & Lin, Yun & Shi, Qiuju & Liu, Feng & Zhou, Fuli, 2024. "Sharing or privacy for private electric vehicle charging piles? Evidence from Chongqing," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    3. Lequn Zhu & Ran Zhou & Xiaojun Li & Linlin Zhang, 2023. "An Evolutionary Game Analysis of Shared Private Charging Pile Behavior in Low-Carbon Urban Traffic," Sustainability, MDPI, vol. 15(13), pages 1-17, June.
    4. Chen, Feng & Xu, Su Xiu & Ning, Yu & Ji, Xiang & Ren, Yaping, 2024. "Compatible electric vehicle charging service: Blessing or curse?," Journal of Retailing and Consumer Services, Elsevier, vol. 79(C).
    5. Wang, Yaxian & Zhao, Zhenli & Baležentis, Tomas, 2023. "Benefit distribution in shared private charging pile projects based on modified Shapley value," Energy, Elsevier, vol. 263(PB).
    6. Cai, Zeen & Li, Chuanjia & Mo, Dong & Xu, Shuyang & Chen, Xiqun (Michael) & Lee, Der-Horng, 2024. "Optimizing consolidated shared charging and electric ride-sourcing services," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 184(C).

    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. Chomachaei, Fahimeh & Gal-Or, Esther & Letizia, Paolo & Roma, Paolo, 2024. "The economic viability of the sharing economy business model and its environmental impact," European Journal of Operational Research, Elsevier, vol. 315(3), pages 1197-1209.
    2. Zhang, Yu & Huang, Min & Tian, Lin & Cai, Gangshu George & Jin, Delong & Fan, Zhiping, 2023. "Manufacturer’s product line selling strategy and add-on policy in product sharing," European Journal of Operational Research, Elsevier, vol. 308(3), pages 1332-1343.
    3. Pang, Chen & Li, Gang & Jiang, Li, 2023. "Leveraging strategic consumer behavior in consumer-to-consumer resale: From economic and environmental perspectives," Omega, Elsevier, vol. 120(C).
    4. Ho, Shirley J. & Chang, Hung-Wei, 2022. "Impacts of sharing business on production, sales, and rental markets," International Journal of Production Economics, Elsevier, vol. 248(C).
    5. Zhenfeng Liu & Ya Xiao & Jian Feng, 2021. "Manufacturer’s Sharing Servitization Transformation and Product Pricing Strategy," Sustainability, MDPI, vol. 13(3), pages 1-20, February.
    6. Bin Dai & Yu Nu, 2020. "Pricing and capacity allocation strategies: Implications for manufacturers with product sharing," Naval Research Logistics (NRL), John Wiley & Sons, vol. 67(3), pages 201-222, April.
    7. Bian, Yiwen & Cui, Yitong & Yan, Shuai & Han, Xiaohua, 2021. "Optimal strategy of a customer-to-customer sharing platform: Whether to launch its own sharing service?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 149(C).
    8. Sun, Xiaojie & Tang, Wansheng & Chen, Jing & Zhang, Jianxiong, 2020. "Optimal investment strategy of a free-floating sharing platform," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 138(C).
    9. Jun Pei & Ping Yan & Subodha Kumar & Xinbao Liu, 2021. "How to React to Internal and External Sharing in B2C and C2C," Production and Operations Management, Production and Operations Management Society, vol. 30(1), pages 145-170, January.
    10. Lin Tian & Baojun Jiang & Yifan Xu, 2021. "Manufacturer’s Entry in the Product-Sharing Market," Manufacturing & Service Operations Management, INFORMS, vol. 23(3), pages 553-568, May.
    11. Zhenfeng Liu & Jian Feng & Bin Liu, 2019. "Pricing and Service Level Decisions under a Sharing Product and Consumers’ Variety-Seeking Behavior," Sustainability, MDPI, vol. 11(24), pages 1-16, December.
    12. Weixiang Huang & Yanzhi Li & Youhua Chen, 2021. "Overage Disutility, User Trading, and Tariff Design," Production and Operations Management, Production and Operations Management Society, vol. 30(10), pages 3758-3783, October.
    13. Zhang, Yu & Huang, Min & Tian, Lin & Jin, Delong & Cai, Gangshu(George), 2021. "Build or join a sharing platform? The choice of manufacturer's sharing mode," International Journal of Production Economics, Elsevier, vol. 231(C).
    14. Huang, Yeu-Shiang & Fang, Chih-Chiang & Lin, Szu-Yu, 2023. "Pricing and operating strategies for products in the sharing economy," International Journal of Production Economics, Elsevier, vol. 266(C).
    15. Zenan Zhou & Xiang Wan, 2022. "Does the Sharing Economy Technology Disrupt Incumbents? Exploring the Influences of Mobile Digital Freight Matching Platforms on Road Freight Logistics Firms," Production and Operations Management, Production and Operations Management Society, vol. 31(1), pages 117-137, January.
    16. Vibhanshu Abhishek & Jose A. Guajardo & Zhe Zhang, 2021. "Business Models in the Sharing Economy: Manufacturing Durable Goods in the Presence of Peer-to-Peer Rental Markets," Information Systems Research, INFORMS, vol. 32(4), pages 1450-1469, December.
    17. Wang, Yingjia & Fan, Di & Fung, Yi-Ning & Luo, Suyuan, 2022. "Consumer-to-consumer product exchanges for original fashion brands in the sharing economy: Good or bad for fashion knockoffs?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 158(C).
    18. Feng, Yixuan & Tan, Yinliang (Ricky) & Duan, Yongrui & Bai, Yu, 2020. "Strategies analysis of luxury fashion rental platform in sharing economy," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 142(C).
    19. Huiqi Guan & Xin Geng & Haresh Gurnani, 2023. "Peer‐to‐peer sharing platforms with quality differentiation: Manufacturer's strategic decision under sharing economy," Production and Operations Management, Production and Operations Management Society, vol. 32(2), pages 485-500, February.
    20. Saif Benjaafar & Ming Hu, 2020. "Operations Management in the Age of the Sharing Economy: What Is Old and What Is New?," Manufacturing & Service Operations Management, INFORMS, vol. 22(1), pages 93-101, January.

    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:transb:v:152:y:2021:i:c:p:258-275. 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/wps/find/journaldescription.cws_home/548/description#description .

    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.