IDEAS home Printed from https://ideas.repec.org/a/wsi/serxxx/v62y2017i05ns021759081550109x.html
   My bibliography  Save this article

Policies And Business Models For The Electric Mobility Revolution: The Case Study On Singapore

Author

Listed:
  • YANFEI LI

    (Economic Research Institute for ASEAN and East Asia (ERIA), Sentral Senayan II, 6th Floor Jalan Asia Afrika No. 8, Gelora Bung Karno, Senayan Jakarta Pusat 10270, Indonesia)

  • ROBERT KOCHHAN

    (TUM CREATE Limited, 1 Creat Way, #10-02 CREATE Tower, Singapore 138602, Singapore)

Abstract

A detailed total cost of ownership (TCO) model, with well-to-wheel carbon emissions assessment, is developed to analyze the economic competitiveness of battery electric vehicle (BEV) against conventional internal combustion engine (ICE) vehicles in Singapore. The model fully integrates the unique economic, institutional and social features of Singapore related to the ownership and usage of a passenger vehicle into consideration. Assuming current technologies and no change in the regulatory and policy framework, it is found that BEV is already economically competitive in certain niche markets of Singapore, such as small and midsize vehicles for car-sharing and corporate uses. In the near future, with technological progress, BEVs will become competitive in most parts of the Singapore passenger vehicle market, including small vehicles for household and small and midsize vehicles for car-sharing, corporate and taxi uses. However, certain supportive policies are called for, based on policy simulation results, to effectively accelerate the adoption of BEVs. Evidence also shows that supports should be given to the development of charging infrastructure at an early stage of BEV adoption.

Suggested Citation

  • Yanfei Li & Robert Kochhan, 2017. "Policies And Business Models For The Electric Mobility Revolution: The Case Study On Singapore," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(05), pages 1195-1222, December.
    • Handle: RePEc:wsi:serxxx:v:62:y:2017:i:05:n:s021759081550109x
    DOI: 10.1142/S021759081550109X
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S021759081550109X
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S021759081550109X?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. Tseng, Hui-Kuan & Wu, Jy S. & Liu, Xiaoshuai, 2013. "Affordability of electric vehicles for a sustainable transport system: An economic and environmental analysis," Energy Policy, Elsevier, vol. 61(C), pages 441-447.
    2. Lin, Chengtao & Wu, Tian & Ou, Xunmin & Zhang, Qian & Zhang, Xu & Zhang, Xiliang, 2013. "Life-cycle private costs of hybrid electric vehicles in the current Chinese market," Energy Policy, Elsevier, vol. 55(C), pages 501-510.
    3. Offer, G.J. & Contestabile, M. & Howey, D.A. & Clague, R. & Brandon, N.P., 2011. "Techno-economic and behavioural analysis of battery electric, hydrogen fuel cell and hybrid vehicles in a future sustainable road transport system in the UK," Energy Policy, Elsevier, vol. 39(4), pages 1939-1950, April.
    4. Peterson, Scott B. & Michalek, Jeremy J., 2013. "Cost-effectiveness of plug-in hybrid electric vehicle battery capacity and charging infrastructure investment for reducing US gasoline consumption," Energy Policy, Elsevier, vol. 52(C), pages 429-438.
    5. 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.
    6. Yeh, Sonia, 2007. "An empirical analysis on the adoption of alternative fuel vehicles: The case of natural gas vehicles," Energy Policy, Elsevier, vol. 35(11), pages 5865-5875, November.
    7. Ahman, Max, 2006. "Government policy and the development of electric vehicles in Japan," Energy Policy, Elsevier, vol. 34(4), pages 433-443, March.
    8. Yeh, Sonia, 2007. "An empirical analysis on the adoption of alternative fuel vehicles:The case of natural gas vehicles," Institute of Transportation Studies, Working Paper Series qt2k09h787, Institute of Transportation Studies, UC Davis.
    9. Burke, Andrew & Zhao, Hengbing, 2012. "Energy Saving and Cost Projections for Advanced Hybrid, Battery Electric, and Fuel Cell Vehicles in 2015-2030," Institute of Transportation Studies, Working Paper Series qt80v1z6rd, Institute of Transportation Studies, UC Davis.
    10. Schroeder, Andreas & Traber, Thure, 2012. "The economics of fast charging infrastructure for electric vehicles," Energy Policy, Elsevier, vol. 43(C), pages 136-144.
    11. Yeh, Sonia, 2007. "An empirical analysis on the adoption of alternative fuel vehicles:The case of natural gas vehicles," Institute of Transportation Studies, Working Paper Series qt92h7g194, Institute of Transportation Studies, UC Davis.
    12. Jägemann, Cosima & Hagspiel, Simeon & Lindenberger, Dietmar, 2013. "The Economic Inefficiency of Grid Parity: The Case of German Photovoltaics," EWI Working Papers 2013-19, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    13. Karabasoglu, Orkun & Michalek, Jeremy, 2013. "Influence of driving patterns on life cycle cost and emissions of hybrid and plug-in electric vehicle powertrains," Energy Policy, Elsevier, vol. 60(C), pages 445-461.
    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. Kantapich Preedakorn & David Butler & Jörn Mehnen, 2023. "Challenges for the Adoption of Electric Vehicles in Thailand: Potential Impacts, Barriers, and Public Policy Recommendations," Sustainability, MDPI, vol. 15(12), pages 1-21, June.
    2. Li, Yanfei & Kimura, Shigeru, 2021. "Economic competitiveness and environmental implications of hydrogen energy and fuel cell electric vehicles in ASEAN countries: The current and future scenarios," Energy Policy, Elsevier, vol. 148(PB).
    3. Li, Yanfei & Chang, Youngho, 2019. "Road transport electrification and energy security in the Association of Southeast Asian Nations: Quantitative analysis and policy implications," Energy Policy, Elsevier, vol. 129(C), pages 805-815.

    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. Brozynski, Max T. & Leibowicz, Benjamin D., 2022. "A multi-level optimization model of infrastructure-dependent technology adoption: Overcoming the chicken-and-egg problem," European Journal of Operational Research, Elsevier, vol. 300(2), pages 755-770.
    2. Mohammadreza Zolfagharian & Bob Walrave & A. Georges L. Romme & Rob Raven, 2020. "Toward the Dynamic Modeling of Transition Problems: The Case of Electric Mobility," Sustainability, MDPI, vol. 13(1), pages 1-23, December.
    3. Gao, Jiayang & Zhang, Tao, 2022. "Effects of public funding on the commercial diffusion of on-site hydrogen production technology: A system dynamics perspective," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    4. 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.
    5. Mallapragada, Dharik S. & Duan, Gang & Agrawal, Rakesh, 2014. "From shale gas to renewable energy based transportation solutions," Energy Policy, Elsevier, vol. 67(C), pages 499-507.
    6. Larson, Paul D. & Viáfara, Jairo & Parsons, Robert V. & Elias, Arne, 2014. "Consumer attitudes about electric cars: Pricing analysis and policy implications," Transportation Research Part A: Policy and Practice, Elsevier, vol. 69(C), pages 299-314.
    7. Malakoutirad, Mohammad & Bradley, Thomas H. & Hagen, Chris, 2015. "Design considerations for an engine-integral reciprocating natural gas compressor," Applied Energy, Elsevier, vol. 156(C), pages 129-137.
    8. Wang, Hongxia & Fang, Hong & Yu, Xueying & Wang, Ke, 2015. "Development of natural gas vehicles in China: An assessment of enabling factors and barriers," Energy Policy, Elsevier, vol. 85(C), pages 80-93.
    9. Tianbo Wang & Lanchun Zhang & Qian Chen, 2020. "Effect of Valve Opening Manner and Sealing Method on the Steady Injection Characteristic of Gas Fuel Injector," Energies, MDPI, vol. 13(6), pages 1-12, March.
    10. Petschnig, Martin & Heidenreich, Sven & Spieth, Patrick, 2014. "Innovative alternatives take action – Investigating determinants of alternative fuel vehicle adoption," Transportation Research Part A: Policy and Practice, Elsevier, vol. 61(C), pages 68-83.
    11. Akoh Fabien Yao & Maxime Sèbe & Laura Recuero Virto & Abdelhak Nassiri & Hervé Dumez, 2024. "The effect of LNG bunkering on port competitiveness using multilevel data analysis [L'effet du soutage par GNL sur la compétitivité des ports à l'aide de l'analyse de données à plusieurs niveaux]," Post-Print hal-04611804, HAL.
    12. Kagiri, Charles & Wanjiru, Evan M. & Zhang, Lijun & Xia, Xiaohua, 2018. "Optimized response to electricity time-of-use tariff of a compressed natural gas fuelling station," Applied Energy, Elsevier, vol. 222(C), pages 244-256.
    13. Nithin Isaac & Akshay Kumar Saha, 2022. "Predicting Vehicle Refuelling Trips through Generalised Poisson Modelling," Energies, MDPI, vol. 15(18), pages 1-18, September.
    14. Ogunlowo, Olufemi O. & Bristow, Abigail L. & Sohail, M., 2017. "A stakeholder analysis of the automotive industry's use of compressed natural gas in Nigeria," Transport Policy, Elsevier, vol. 53(C), pages 58-69.
    15. Zhang, Yong & Yu, Yifeng & Zou, Bai, 2011. "Analyzing public awareness and acceptance of alternative fuel vehicles in China: The case of EV," Energy Policy, Elsevier, vol. 39(11), pages 7015-7024.
    16. Kim, Hyunjung & Kim, Dae-Wook & Kim, Man-Keun, 2022. "Economics of charging infrastructure for electric vehicles in Korea," Energy Policy, Elsevier, vol. 164(C).
    17. Ackah, Ishmael & TETTEH, ELIZABETH NARKIE, 2016. "Determinants of autogas demand among Taxi Drivers in rural Ghana," MPRA Paper 74242, University Library of Munich, Germany.
    18. Wu, Geng & Inderbitzin, Alessandro & Bening, Catharina, 2015. "Total cost of ownership of electric vehicles compared to conventional vehicles: A probabilistic analysis and projection across market segments," Energy Policy, Elsevier, vol. 80(C), pages 196-214.
    19. 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.
    20. Gnann, T. & Speth, D. & Seddig, K. & Stich, M. & Schade, W. & Gómez Vilchez, J.J., 2022. "How to integrate real-world user behavior into models of the market diffusion of alternative fuels in passenger cars - An in-depth comparison of three models for Germany," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(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:wsi:serxxx:v:62:y:2017:i:05:n:s021759081550109x. 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: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ser/ser.shtml .

    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.