An Exploratory Analysis to Estimate the Value of Free Charging Bundle in Electric Vehicle Purchases

Mishra, Divyamitra; Barbour, Natalia; Maness, Michael; University of South Florida. Department of Civil Engineering

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An Exploratory Analysis to Estimate the Value of Free Charging Bundle in Electric Vehicle Purchases

2022-06-01
By Mishra, Divyamitra ; Barbour, Natalia ; Maness, Michael

[PDF-1.14 MB]

English

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Creators:

Mishra, Divyamitra ; Barbour, Natalia ; Maness, Michael

Mishra, Divyamitra ; Barbour, Natalia ; Maness, Michael Less -
Corporate Creators:

University of South Florida. Department of Civil Engineering
Corporate Contributors:

Center for Teaching Old Models New Tricks (TOMNET) ; United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Energy

Center for Teaching Old Models New Tricks (TOMNET) ; United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Energy Less -
Subject/TRT Terms:

[+]

Automobile Ownership Charging Policy Choice Experiment Choice Models Consumer Preferences Electric Vehicle Charging Stated Preferences Subsidies Subsidized Fueling Valuation Vehicle Preference Zero-Price Effect
Resource Type:

Tech Report
Geographical Coverage:

United States
Edition:

April 2021 – September 2022
Corporate Publisher:

Center for Teaching Old Models New Tricks (TOMNET)
Abstract:

Our research establishes a national estimate of the willingness-to-pay (WTP) for a free charging bundle in the United States electric vehicle market. Using a stated choice experiment conducted using a probability-based sample from an internet panel, 36 choice scenarios were generated with 9 scenarios received per respondent. Individuals chose between three vehicles (two EVs and a comparable gasoline vehicle) with varying vehicle attributes: purchase price, driving range, annual fuel cost, and years of free charging. For EVs, the free charging bundle was offered at four levels: zero, one, two, and three years. Results from the mixed logit and latent class analysis showed heterogeneity in the sensitivity to the free charging time scale with a significant share of the population showing no sensitivity to a single year of free charging. All population segments experienced some WTP for free charging at the two- and three-year time frames.
Format:

PDF
Funding:

69A3551747116
Collection(s):

University Transportation Centers
Main Document Checksum:

[+]

urn:sha256:ad7602956e45e19799bdc36a7544a30053fcb93a1b733ac211279a379d55bdca
Download URL:

https://rosap.ntl.bts.gov/view/dot/65859/dot_65859_DS1.pdf
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An Exploratory Analysis to Estimate the Value of Free Charging Bundle in Electric Vehicle Purchases

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