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

Mishra, Divyamitra; Barbour, Natalia; Maness, Michael

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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

File Language:

English

Details

Creators:

Mishra, Divyamitra ; Barbour, Natalia ; Maness, Michael
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
Subject/TRT Terms:
Resource Type:

Tech Report
Geographical Coverage:

United States
Edition:

April 2021 – September 2022
Corporate Publisher:

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

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
Download URL:

https://rosap.ntl.bts.gov/view/dot/65859/dot_65859_DS1.pdf
File Type:

[PDF - 1.14 MB]
Collection(s):

University Transportation Centers
Main Document Checksum:

urn:sha-512:10aab75bb338025d3a618bda4828876debe434fcfd633de18fbb5951d6dc5a468825a0771abd7923e1b762d528e19c63d0ca174e09212e9212ae945264fcefba

File Language:

English

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