IDEAS home Printed from https://ideas.repec.org/a/ids/ijatma/v7y2007i4p327-342.html
   My bibliography  Save this article

Consumer preferences for alternative fuel vehicles in South Korea

Author

Listed:
  • Yeonbae Kim
  • Gicheol Jeong
  • Jiwoon Ahn
  • Jeong-Dong Lee

Abstract

The paper analyses consumer preferences for alternative fuel vehicles based on stated preference data gathered in South Korea. Five fuel type vehicles are considered in the analysis, and a mixed logit model using the Bayesian approach was used for the estimation. Estimation results show that preferences regarding fuel type and body type are heterogeneous, but preferences for cost variables and horsepower are relatively homogeneous across consumers. The results also show that an indirect network effect exists, influencing automobile demand. Simulation results show that diesel and hybrid vehicles will compete in the future for their shares of the market, with lower costs being the main source of competitiveness. Elasticity results show that fuel and maintenance costs are the most important factors influencing choice among alternative fuel vehicles and that an indirect network effect is important as well.

Suggested Citation

  • Yeonbae Kim & Gicheol Jeong & Jiwoon Ahn & Jeong-Dong Lee, 2007. "Consumer preferences for alternative fuel vehicles in South Korea," International Journal of Automotive Technology and Management, Inderscience Enterprises Ltd, vol. 7(4), pages 327-342.
    • Handle: RePEc:ids:ijatma:v:7:y:2007:i:4:p:327-342
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=17064
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

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

    Citations

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


    Cited by:

    1. Koo, Yoonmo & Kim, Chang Seob & Hong, Junhee & Choi, Ie-Jung & Lee, Jongsu, 2012. "Consumer preferences for automobile energy-efficiency grades," Energy Economics, Elsevier, vol. 34(2), pages 446-451.
    2. Aloisio S. Nascimento Filho & Rafael G. O. dos Santos & João Gabriel A. Calmon & Peterson A. Lobato & Marcelo A. Moret & Thiago B. Murari & Hugo Saba, 2022. "Induction of a Consumption Pattern for Ethanol and Gasoline in Brazil," Sustainability, MDPI, vol. 14(15), pages 1-11, July.
    3. Hong, Junhee & Koo, Yoonmo & Jeong, Gicheol & Lee, Jongsu, 2012. "Ex-ante evaluation of profitability and government's subsidy policy on vehicle-to-grid system," Energy Policy, Elsevier, vol. 42(C), pages 95-104.
    4. Madhusudhan Adhikari & Laxman Prasad Ghimire & Yeonbae Kim & Prakash Aryal & Sundar Bahadur Khadka, 2020. "Identification and Analysis of Barriers against Electric Vehicle Use," Sustainability, MDPI, vol. 12(12), pages 1-20, June.
    5. Choi, Hyundo & Oh, Inha, 2010. "Analysis of product efficiency of hybrid vehicles and promotion policies," Energy Policy, Elsevier, vol. 38(5), pages 2262-2271, May.
    6. Dongnyok Shim & Seung Wan Kim & Jörn Altmann & Yong Tae Yoon & Jin Gyo Kim, 2018. "Key Features of Electric Vehicle Diffusion and Its Impact on the Korean Power Market," Sustainability, MDPI, vol. 10(6), pages 1-18, June.
    7. Pacini, Henrique & Silveira, Semida, 2011. "Consumer choice between ethanol and gasoline: Lessons from Brazil and Sweden," Energy Policy, Elsevier, vol. 39(11), pages 6936-6942.

    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:ids:ijatma:v:7:y:2007:i:4:p:327-342. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=2 .

    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.