IDEAS home Printed from https://ideas.repec.org/p/dui/wpaper/2405.html
   My bibliography  Save this paper

Economic analysis of behavioral aspects of electromobility with a focus on consumers – A Review

Author

Listed:
  • Marco Sebastian Breder
  • Arnd Hofmann
  • Michael Bucksteeg
  • Christoph Weber

    (Chair for Management Sciences and Energy Economics, University of Duisburg-Essen)

Abstract

Electromobility has achieved a significant breakthrough in recent years, and numerous studies have been carried out in this field. However, the focus has mainly been on technical aspects, and current economic analyses and derived policy implications are based on these technical aspects. With the rising share of electric vehicles, the importance of efficient coordination and their integration into power systems and markets is increasing. This depends, above all, on the behavior of consumers, who make a series of decisions ranging from purchase and usage to disposal. Although there is a large variety of consumer research on electromobility, related reviews primarily focus on distinct aspects, such as acceptance, usage behavior, or incentives. This paper provides a comprehensive overview of the current state of research, with a clear separation of behavioral aspects. To this end, we summarize the different elements of current efforts in the field: the research on purchasing, tariff choice, charging, and driving. There are few studies on tariff choice between 2016 and 2023, while most of the published articles have focused on charging. Unexpectedly, the citation frequency for articles published in 2016 is lower than that of articles published in 2017 and 2018. This might indicate the growing importance of behavioral research on electromobility. The identified research gaps call for further research on tariff design and associated interactions at the system level to further develop the markets and leverage the potential of integrating electromobility into power systems. The latter concerns economic potential, such as avoiding grid expansion through smart tariffs or technical potential in the context of system services.

Suggested Citation

  • Marco Sebastian Breder & Arnd Hofmann & Michael Bucksteeg & Christoph Weber, 2024. "Economic analysis of behavioral aspects of electromobility with a focus on consumers – A Review," EWL Working Papers 2405, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Aug 2024.
  • Handle: RePEc:dui:wpaper:2405
    as

    Download full text from publisher

    File URL: https://www.ewl.wiwi.uni-due.de/fileadmin/fileupload/BWL-ENERGIE/Arbeitspapiere/RePEc/pdf/wp2405_Economicanalysisofbehavioralaspectsofelectromobilitywithafocusonconsumers.pdf
    File Function: First Version, 2024
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fanchao Liao & Eric Molin & Bert van Wee, 2017. "Consumer preferences for electric vehicles: a literature review," Transport Reviews, Taylor & Francis Journals, vol. 37(3), pages 252-275, May.
    2. Carolin Stockkamp & Juliane Schäfer & Jan A. Millemann & Sven Heidenreich, 2021. "Identifying Factors Associated with Consumers’ Adoption of e-Mobility—A Systematic Literature Review," Sustainability, MDPI, vol. 13(19), pages 1-17, October.
    3. Richard Carson & Jordan Louviere, 2011. "A Common Nomenclature for Stated Preference Elicitation Approaches," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(4), pages 539-559, August.
    4. James J. Heckman, 1976. "Introduction to "Annals of Economic and Social Measurement, Volume 5, number 4"," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, National Bureau of Economic Research, Inc.
    5. Heckman, James J, 1974. "Shadow Prices, Market Wages, and Labor Supply," Econometrica, Econometric Society, vol. 42(4), pages 679-694, July.
    6. Giuseppe Barone & Giovanni Brusco & Daniele Menniti & Anna Pinnarelli & Gaetano Polizzi & Nicola Sorrentino & Pasquale Vizza & Alessandro Burgio, 2020. "How Smart Metering and Smart Charging may Help a Local Energy Community in Collective Self-Consumption in Presence of Electric Vehicles," Energies, MDPI, vol. 13(16), pages 1-18, August.
    7. Diao, Qinghua & Sun, Wei & Yuan, Xinmei & Li, Lili & Zheng, Zhi, 2016. "Life-cycle private-cost-based competitiveness analysis of electric vehicles in China considering the intangible cost of traffic policies," Applied Energy, Elsevier, vol. 178(C), pages 567-578.
    8. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    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. Monika Kackovic & Joop Hartog & Hans van Ophem & Nachoem Wijnberg, 2022. "The promise of potential: A study on the effectiveness of jury selection to a prestigious visual arts program," Kyklos, Wiley Blackwell, vol. 75(3), pages 410-435, August.
    2. Peng, Ruoqing & Tang, Justin Hayse Chiwing G. & Yang, Xiong & Meng, Meng & Zhang, Jie & Zhuge, Chengxiang, 2024. "Investigating the factors influencing the electric vehicle market share: A comparative study of the European Union and United States," Applied Energy, Elsevier, vol. 355(C).
    3. Yang, J. & Chen, F., 2021. "How are social-psychological factors related to consumer preferences for plug-in electric vehicles? Case studies from two cities in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
    4. Xue, Yixi & Zhang, Yi & Wang, Zhuoli & Tian, Shuo & Xiong, Qian & Li, Lydia Qianqian, 2023. "Effects of incentive policies on the purchase intention of electric vehicles in China: Psychosocial value and family ownership," Energy Policy, Elsevier, vol. 181(C).
    5. Santos, Georgina & Rembalski, Sebastian, 2021. "Do electric vehicles need subsidies in the UK?," Energy Policy, Elsevier, vol. 149(C).
    6. Christopher Courtney & Supradeep Dutta & Yong Li, 2017. "Resolving Information Asymmetry: Signaling, Endorsement, and Crowdfunding Success," Entrepreneurship Theory and Practice, , vol. 41(2), pages 265-290, March.
    7. Weerachart Kilenthong & Dinh Thi Ngoc Tu, 2017. "Parental Time and Material Investments in Rural Thailand," PIER Discussion Papers 68, Puey Ungphakorn Institute for Economic Research.
    8. Assaf Razin & Efraim Sadka & Chi-Wa Yuen, 1999. "An Information-Based Model of Foreign Direct Investment: The Gains from Trade Revisited," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(4), pages 579-596, November.
    9. Tisdell, Clem, 2014. "Information Technology's Impacts on Productivity, Welfare and Social Change: Second Version," Economic Theory, Applications and Issues Working Papers 195701, University of Queensland, School of Economics.
    10. Konduru, Srinivasa & Kalaitzandonakes, Nicholas G. & Magnier, Alexandre, 2009. "GMO Testing Strategies and Implications for Trade: A Game Theoretic Approach," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49594, Agricultural and Applied Economics Association.
    11. König, Philipp J. & Pothier, David, 2018. "Safe but fragile: Information acquisition, sponsor support and shadow bank runs," Discussion Papers 15/2018, Deutsche Bundesbank.
    12. Andrea Attar & Thomas Mariotti & François Salanié, 2021. "Entry-Proofness and Discriminatory Pricing under Adverse Selection," American Economic Review, American Economic Association, vol. 111(8), pages 2623-2659, August.
    13. Reynolds, Travis & Kolodinsky, Jane & Murray, Byron, 2012. "Consumer preferences and willingness to pay for compact fluorescent lighting: Policy implications for energy efficiency promotion in Saint Lucia," Energy Policy, Elsevier, vol. 41(C), pages 712-722.
    14. Ginger Zhe Jin & Andrew Kato & John A. List, 2010. "That’S News To Me! Information Revelation In Professional Certification Markets," Economic Inquiry, Western Economic Association International, vol. 48(1), pages 104-122, January.
    15. Ritu Agarwal & Michelle Dugas & Guodong (Gordon) Gao & P. K. Kannan, 2020. "Emerging technologies and analytics for a new era of value-centered marketing in healthcare," Journal of the Academy of Marketing Science, Springer, vol. 48(1), pages 9-23, January.
    16. Villas-Boas, Sofia B, 2020. "Reduced Form Evidence on Belief Updating Under Asymmetric Information," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt08c456vk, Department of Agricultural & Resource Economics, UC Berkeley.
    17. Michelle Sheran Sylvester, 2007. "The Career and Family Choices of Women: A Dynamic Analysis of Labor Force Participation, Schooling, Marriage and Fertility Decisions," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(3), pages 367-399, July.
    18. Yaofeng Fu & Ruokun Huang & Yiran Sheng, 2017. "Labor Contract Law -An Economic View," Papers 1702.03977, arXiv.org.
    19. Ghosh, Suman, 2007. "Job mobility and careers in firms," Labour Economics, Elsevier, vol. 14(3), pages 603-621, June.

    More about this item

    Keywords

    review; electromobility; consumer; economics; behavioral economics;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:dui:wpaper:2405. 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: Andreas Fritz (email available below). General contact details of provider: https://edirc.repec.org/data/fwessde.html .

    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.