IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-01980622.html
   My bibliography  Save this paper

Willingness to pay for electric vehicles in island regions: The case of Tenerife (Canary Islands)

Author

Listed:
  • Francisco Javier Ramos-Real

    (ULL - Universidad de La Laguna [Tenerife - SP])

  • Alfredo A Ramírez-Díaz

    (ULL - Universidad de La Laguna [Tenerife - SP])

  • Gustavo A Marrero

    (ULL - Universidad de La Laguna [Tenerife - SP])

  • Yannick Perez

    (LdP - Loyola de Palacio Programme - EUI - European University Institute, LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec, RITM - Réseaux Innovation Territoires et Mondialisation - UP11 - Université Paris-Sud - Paris 11)

Abstract

Electric vehicles (EVs) could be a solution to reduce final energy consumption and carbon emissions in the road transport sector. Moreover, the mobility characteristics of drivers (i.e., their average driving distance) fit better with current EV technical features on a small island than in the mainland. This paper analyzes willingness-to-change (WTC) and willingness-to-pay (WTP) for an EV in Tenerife (Canary Islands), both of which are key factors for understanding potential for EV penetration. WTC and WTP in Tenerife island are estimated based on data collected through a face-to-face survey-based contingent valuation approach. We go on to assess the impact of a set of explanatory variables on both WTC and WTP, in order to characterize the representative profile of a potential EV buyer. Informing on the basic properties of an EV and environmental concerns are found to be key factors for WTC, while income level, mobility patterns, environmental concerns and attitude-to-tech of potential buyers are found to be important factors for WTP.

Suggested Citation

  • Francisco Javier Ramos-Real & Alfredo A Ramírez-Díaz & Gustavo A Marrero & Yannick Perez, 2018. "Willingness to pay for electric vehicles in island regions: The case of Tenerife (Canary Islands)," Post-Print halshs-01980622, HAL.
    • Handle: RePEc:hal:journl:halshs-01980622
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Hidrue, Michael K. & Parsons, George R. & Kempton, Willett & Gardner, Meryl P., 2011. "Willingness to pay for electric vehicles and their attributes," Resource and Energy Economics, Elsevier, vol. 33(3), pages 686-705, September.
    2. Marrero, Gustavo A. & Ramos-Real, Francisco Javier, 2010. "Electricity generation cost in isolated system: The complementarities of natural gas and renewables in the Canary Islands," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2808-2818, December.
    3. Yannick Perez, 2013. "Public Policy Strategies for Electric Vehicles and for Vehicle to Grid Power," Post-Print hal-01660410, HAL.
    4. Ramos-Real, Francisco Javier & Moreno-Piquero, Juan Carlos & Ramos-Henriquez, Jose Manuel, 2007. "The effects of introducing natural gas in the Canary Islands for electricity generation," Energy Policy, Elsevier, vol. 35(7), pages 3925-3935, July.
    5. 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.
    6. Borne, Olivier & Korte, Klaas & Perez, Yannick & Petit, Marc & Purkus, Alexandra, 2018. "Barriers to entry in frequency-regulation services markets: Review of the status quo and options for improvements," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 605-614.
    7. Bohnsack, René & Pinkse, Jonatan & Kolk, Ans, 2014. "Business models for sustainable technologies: Exploring business model evolution in the case of electric vehicles," Research Policy, Elsevier, vol. 43(2), pages 284-300.
    8. Alfredo Ramírez Díaz & Francisco J. Ramos-Real & Gustavo A. Marrero & Yannick Perez, 2015. "Impact of Electric Vehicles as Distributed Energy Storage in Isolated Systems: The Case of Tenerife," Sustainability, MDPI, vol. 7(11), pages 1-27, November.
    9. Weiller, C. & Neely, A., 2014. "Using electric vehicles for energy services: Industry perspectives," Energy, Elsevier, vol. 77(C), pages 194-200.
    10. Erdem, Cumhur & Sentürk, Ismail & Simsek, Türker, 2010. "Identifying the factors affecting the willingness to pay for fuel-efficient vehicles in Turkey: A case of hybrids," Energy Policy, Elsevier, vol. 38(6), pages 3038-3043, June.
    11. Franke, Thomas & Krems, Josef F., 2013. "What drives range preferences in electric vehicle users?," Transport Policy, Elsevier, vol. 30(C), pages 56-62.
    12. Gustavo A. Marrero & Yannick Perez & Marc Petit & Francisco Javier Ramos-Real, 2015. "Electric vehicle fleet contributions for isolated systems. The case of the Canary Islands," International Journal of Automotive Technology and Management, Inderscience Enterprises Ltd, vol. 15(2), pages 171-193.
    13. Ramteen Sioshansi & Paul Denholm, 2010. "The Value of Plug-In Hybrid Electric Vehicles as Grid Resources," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 1-24.
    14. Rious, Vincent & Perez, Yannick, 2014. "Review of supporting scheme for island powersystem storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 29(C), pages 754-765.
    15. Oerlemans, Leon A.G. & Chan, Kai-Ying & Volschenk, Jako, 2016. "Willingness to pay for green electricity: A review of the contingent valuation literature and its sources of error," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 875-885.
    16. Hidrue, Michael K. & Parsons, George R., 2015. "Is there a near-term market for vehicle-to-grid electric vehicles?," Applied Energy, Elsevier, vol. 151(C), pages 67-76.
    17. Olivier Borne & Klaas Korte & Yannick Perez & Marc Petit & Alexandra Purkus, 2018. "Barriers to entry in frequency-regulation services markets: Review of the status quo and options for improvements," Post-Print hal-01660475, HAL.
    18. Plötz, Patrick & Schneider, Uta & Globisch, Joachim & Dütschke, Elisabeth, 2014. "Who will buy electric vehicles? Identifying early adopters in Germany," Transportation Research Part A: Policy and Practice, Elsevier, vol. 67(C), pages 96-109.
    19. Alfredo Ramírez Díaz & Francisco J. Ramos-Real & Gustavo A. Marrero & Yannick Perez, 2015. "Impact of Electric Vehicles as Distributed Energy Storage in Isolated Systems: The Case of Tenerife," Sustainability, MDPI, Open Access Journal, vol. 7(11), pages 1-27, November.
    20. Vassileva, Iana & Campillo, Javier, 2017. "Adoption barriers for electric vehicles: Experiences from early adopters in Sweden," Energy, Elsevier, vol. 120(C), pages 632-641.
    21. Hao, Han & Ou, Xunmin & Du, Jiuyu & Wang, Hewu & Ouyang, Minggao, 2014. "China’s electric vehicle subsidy scheme: Rationale and impacts," Energy Policy, Elsevier, vol. 73(C), pages 722-732.
    22. Amador, Francisco Javier & González, Rosa Marina & Ramos-Real, Francisco Javier, 2013. "Supplier choice and WTP for electricity attributes in an emerging market: The role of perceived past experience, environmental concern and energy saving behavior," Energy Economics, Elsevier, vol. 40(C), pages 953-966.
    23. Erdinc, Ozan & Paterakis, Nikolaos G. & Catalão, João P.S., 2015. "Overview of insular power systems under increasing penetration of renewable energy sources: Opportunities and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 333-346.
    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. Freitas Gomes, Icaro Silvestre & Perez, Yannick & Suomalainen, Emilia, 2020. "Coupling small batteries and PV generation: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 126(C).
    2. García-Afonso, Óscar & González-Díaz, Benjamín, 2023. "Effectiveness of zero tailpipe vehicles to reduce CO2 emissions in isolated power systems, a realistic perspective: Tenerife Island test case," Energy, Elsevier, vol. 273(C).
    3. Anna Kowalska-Pyzalska & Marek Kott & Joanna Kott, 2021. "How Much Polish Consumers Know about Alternative Fuel Vehicles? Impact of Knowledge on the Willingness to Buy," Energies, MDPI, vol. 14(5), pages 1-19, March.
    4. Francesca Battistelli & Ambra Messina & Laura Tomassetti & Cassandra Montiroli & Eros Manzo & Marco Torre & Patrizio Tratzi & Marco Segreto & Chen-Yeon Chu & Valerio Paolini & Alessandro Corsini & Fra, 2023. "Assessment of Energy, Mobility, Waste, and Water Management on Italian Small Islands," Sustainability, MDPI, vol. 15(15), pages 1-25, July.
    5. Ji-Hee Son & Jeawon Kim & Wona Lee & Songhee Han, 2022. "Willingness to Pay for the Public Electric Bus in Nepal: A Contingent Valuation Method Approach," Sustainability, MDPI, vol. 14(19), pages 1-14, October.
    6. Kim, Ju-Hee & Lim, Seul-Ye & Yoo, Seung-Hoon, 2021. "Public preferences for introducing a power-to-heat system in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    7. Andrés Lorente de las Casas & Ivelina Mirkova & Francisco J. Ramos-Real, 2021. "Stakeholders’ Perceptions of the Possible Energy Sustainability Solutions in the Hotels of the Canary Islands," Sustainability, MDPI, vol. 13(12), pages 1-26, June.
    8. Naseri, Hamed & Waygood, E.O.D. & Patterson, Zachary & Wang, Bobin, 2024. "Who is more likely to buy electric vehicles?," Transport Policy, Elsevier, vol. 155(C), pages 15-28.
    9. Zhang, Qi & Liu, Jiangfeng & Yang, Kexin & Liu, Boyu & Wang, Ge, 2022. "Market adoption simulation of electric vehicle based on social network model considering nudge policies," Energy, Elsevier, vol. 259(C).
    10. Yan Shi & Abu Bakkar Siddik & Mohammad Masukujjaman & Guangwen Zheng & Muhammad Hamayun & Abdullah Mohammed Ibrahim, 2022. "The Antecedents of Willingness to Adopt and Pay for the IoT in the Agricultural Industry: An Application of the UTAUT 2 Theory," Sustainability, MDPI, vol. 14(11), pages 1-23, May.
    11. Ayodele, T.R. & Ogunjuyigbe, A.S.O. & Ajayi, O.D. & Yusuff, A.A. & Mosetlhe, T.C., 2021. "Willingness to pay for green electricity derived from renewable energy sources in Nigeria," Renewable and Sustainable Energy Reviews, Elsevier, vol. 148(C).
    12. Kim, Ju-Hee & Han, Su-Mi & Yoo, Seung-Hoon, 2023. "Price premium for green hydrogen in South Korea: Evidence from a stated preference study," Renewable Energy, Elsevier, vol. 211(C), pages 647-655.

    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. Maria Gracia Rodríguez-Brito & Alfredo J. Ramírez-Díaz & Francisco J. Ramos-Real & Yannick Perez, 2018. "Psychosocial Traits Characterizing EV Adopters’ Profiles: The Case of Tenerife (Canary Islands)," Sustainability, MDPI, vol. 10(6), pages 1-26, June.
    2. Elena Higueras-Castillo & Sebastian Molinillo & J. Andres Coca-Stefaniak & Francisco Liébana-Cabanillas, 2020. "Potential Early Adopters of Hybrid and Electric Vehicles in Spain—Towards a Customer Profile," Sustainability, MDPI, vol. 12(11), pages 1-18, May.
    3. Hoarau, Quentin & Perez, Yannick, 2018. "Interactions between electric mobility and photovoltaic generation: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 510-522.
    4. Andriosopoulos, Kostas & Bigerna, Simona & Bollino, Carlo Andrea & Micheli, Silvia, 2018. "The impact of age on Italian consumers' attitude toward alternative fuel vehicles," Renewable Energy, Elsevier, vol. 119(C), pages 299-308.
    5. Gustavo A. Marrero & Yannick Perez & Marc Petit & Francisco Javier Ramos-Real, 2015. "Electric vehicle fleet contributions for isolated systems. The case of the Canary Islands," International Journal of Automotive Technology and Management, Inderscience Enterprises Ltd, vol. 15(2), pages 171-193.
    6. Wenbo Li & Ruyin Long & Hong Chen & Jichao Geng, 2017. "Household factors and adopting intention of battery electric vehicles: a multi-group structural equation model analysis among consumers in Jiangsu Province, China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 87(2), pages 945-960, June.
    7. Alfredo J. Ramírez-Díaz & Francisco J. Ramos-Real & María Gracia Rodríguez-Brito & María Carolina Rodríguez-Donate & Andrés Lorente de las Casas, 2022. "Determining Factors of Consumers’ Choice of Sport Utility Vehicles in an Isolated Energy System: How Can We Contribute to the Decarbonization of the Economy?," Energies, MDPI, vol. 15(17), pages 1-21, September.
    8. Mandys, F., 2021. "Electric vehicles and consumer choices," Renewable and Sustainable Energy Reviews, Elsevier, vol. 142(C).
    9. Alfredo Ramírez Díaz & Francisco J. Ramos-Real & Gustavo A. Marrero & Yannick Perez, 2015. "Impact of Electric Vehicles as Distributed Energy Storage in Isolated Systems: The Case of Tenerife," Sustainability, MDPI, vol. 7(11), pages 1-27, November.
    10. Simona Bigerna & Silvia Micheli, 2018. "Attitudes Toward Electric Vehicles: The Case of Perugia Using a Fuzzy Set Analysis," Sustainability, MDPI, vol. 10(11), pages 1-14, November.
    11. Li, Wenbo & Long, Ruyin & Chen, Hong & Geng, Jichao, 2017. "A review of factors influencing consumer intentions to adopt battery electric vehicles," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 318-328.
    12. Qian, Lixian & Grisolía, Jose M. & Soopramanien, Didier, 2019. "The impact of service and government-policy attributes on consumer preferences for electric vehicles in China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 122(C), pages 70-84.
    13. Felix Hinnüber & Marek Szarucki & Katarzyna Szopik-Depczyńska, 2019. "The Effects of a First-Time Experience on the Evaluation of Battery Electric Vehicles by Potential Consumers," Sustainability, MDPI, vol. 11(24), pages 1-25, December.
    14. P Codani & Marc Petit & Yannick Perez, 2018. "Innovation et règles inefficaces : le cas des véhicules électriques," Post-Print halshs-01980639, HAL.
    15. 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).
    16. Ye Yang & Zhongfu Tan, 2019. "Investigating the Influence of Consumer Behavior and Governmental Policy on the Diffusion of Electric Vehicles in Beijing, China," Sustainability, MDPI, vol. 11(24), pages 1-20, December.
    17. Manuel Uche-Soria & Carlos Rodríguez-Monroy, 2018. "Special Regulation of Isolated Power Systems: The Canary Islands, Spain," Sustainability, MDPI, vol. 10(7), pages 1-20, July.
    18. Bruno Dalla Chiara & Francesco Deflorio & Michela Pellicelli & Luca Castello & Marco Eid, 2019. "Perspectives on Electrification for the Automotive Sector: A Critical Review of Average Daily Distances by Light-Duty Vehicles, Required Range, and Economic Outcomes," Sustainability, MDPI, vol. 11(20), pages 1-35, October.
    19. Papadopoulos, Agis M., 2020. "Renewable energies and storage in small insular systems: Potential, perspectives and a case study," Renewable Energy, Elsevier, vol. 149(C), pages 103-114.
    20. Zhao, Yang & Noori, Mehdi & Tatari, Omer, 2017. "Boosting the adoption and the reliability of renewable energy sources: Mitigating the large-scale wind power intermittency through vehicle to grid technology," Energy, Elsevier, vol. 120(C), pages 608-618.

    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:hal:journl:halshs-01980622. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.