Change search
ReferencesLink to record
Permanent link

Direct link
The Impacts of Incentive Policies on Energy Efficient Vehicle Demand and Price: An International Comparison
KTH, School of Architecture and the Built Environment (ABE), Transport Science, Transport and Location Analysis. KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.
(English)Manuscript (preprint) (Other academic)
Abstract [en]

Significant efforts to incentivize energy efficient vehicles (EEVs) are evident across the globe. Given EEV marketplaces are dynamic and that demand may fluctuate in response to incentives, this may also affect market forces to influence prices. An analysis of EEV incentives, therefore, must account for possible endogeneity between demand and prices. Here we estimate the effects of several different incentives on EEV demand and price premiums across 15 regions between 2008 and 2012. Using error components three-stage least squares (EC3SLS) regression, we dis-entangle the endogeneity between EEV demand and price, finding that increased price premiums lead to reduced marginal demand (MD) and aggregate demand (AD). In turn, increased MD leads to lower price premiums. Upfront subsidies (Type A incentives) are found to increase MD and AD, however, unlike other incentive types, also appear to lead to higher price premiums. We also find fuel price increases lead to higher MD, AD and price premiums. 

National Category
Transport Systems and Logistics
Research subject
Transport Science
Identifiers
URN: urn:nbn:se:kth:diva-186256OAI: oai:DiVA.org:kth-186256DiVA: diva2:926541
Note

QC 20160509

Available from: 2016-05-09 Created: 2016-05-09 Last updated: 2016-05-09Bibliographically approved
In thesis
1. Energy Efficient Vehicle Policy: Lessons Learnt: An analysis of the effects of incentive policies on the demand, usage and pricing of energy efficient vehicles.
Open this publication in new window or tab >>Energy Efficient Vehicle Policy: Lessons Learnt: An analysis of the effects of incentive policies on the demand, usage and pricing of energy efficient vehicles.
2016 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

Encouraging the uptake of energy efficient vehicles (EEVs) is an aspiration of critical importance in a day and age in which we are confronted with the increasingly dire consequences of human behaviour on our planet, and on the planet for generations to come. The transport sector is one of the highest contributors of anthropogenic greenhouse gas emissions, whilst pollution from this sector is responsible for a large proportion of human deaths each and every year. Given the severity of these issues, it is more important than ever for policy-makers, and researchers alike, to encourage a transition within the community towards more sustainable lifestyles. Transportation is key to this change.

As a service that every human being uses, almost every day of his or her life, the transport sector presents a unique opportunity for behavioural change. Through efficient and targeted policies, consumers can be incentivised to make more sustainable transport choices and to consider the consequences of their own actions. Foremost amongst these initiatives is that of encouraging a transition towards energy efficient vehicles.

This thesis has been produced in order to shed further light on issues affecting this transition. In particular for policy-makers, this document includes a series of recommendations based on prevailing findings in the current literature, in addition to the novel and significant findings of this research effort. These include the various lessons learnt from government policies that have already been implemented in regions around the globe.

As a thesis by publication, this document consists of four research articles that investigate factors affecting the EEV market, specifically in terms of: consumer demand, vehicle usage and product pricing. A number of other demographic and economic factors have also been examined, including the role of economies-of-scale. 

Abstract [sv]

Att uppmuntra ökad användningen av energieffektiva fordon (EEVs) är en strävan av avgörande betydelse i en tid då vi konfronteras med de allt mer ödesdigra konsekvenserna av människors påverkan på vår planet, i dag och för kommande generationer. Transportsektorn är en av de sektorer som bidrar mest till utsläppen av antropogena växthusgaser. Utsläpp från transportsektorn bidrar även till ett stort antal dödsfall varje år. Med tanke på vikten av dessa frågor är det viktigare än någonsin för beslutsfattare och forskare att bidra till en samhällsövergång mot mer hållbara livsstilar. Transporter är avgörande i denna omvandling.

Eftersom transporter är en tjänst som alla människor utnyttjar i stort sett varje dag, erbjuder transportsektorn en unik möjlighet till beteendeförändringar. Genom effektiva och målinriktade åtgärder kan konsumenter ges incitament att göra mer hållbara transportval och överväga konsekvenserna av sina handlingar. Främst bland dessa initiativ är en uppmuntran till en övergång mot mer energieffektiva fordon.

Denna avhandling har tagits fram i syfte att belysa frågeställningar som berör denna övergång. För framför allt beslutsfattare innehåller avhandlingen en rad rekommendationer baserade på såväl rådande forskningsresultat från aktuell forskningslitteratur som nya resultat från denna forskningsinsats. Dessa inkluderar erfarenheter från redan implementerade politiska åtgärder från regioner runt om i världen.

Denna sammanläggningsavhandling består av fyra forskningsartiklar som undersöker faktorer som påverkar EEV-marknaden vad gäller konsumentefterfrågan, fordonsanvändning och produktprissättning. Utöver dessa har även ett antal andra demografiska och ekonomiska faktorer, inklusive betydelsen av stordriftsfördelar, undersökts. 

Place, publisher, year, edition, pages
Stockholm: Kungliga Tekniska högskolan, 2016. xxvi, 155 p.
Series
TRITA-TSC-PHD, 16-004
Keyword
Energy Efficient Vehicle, Incentives, Policy, Demand, Usage, Pricing
National Category
Transport Systems and Logistics
Research subject
Transport Science
Identifiers
urn:nbn:se:kth:diva-185933 (URN)978-91-87353-88-8 (ISBN)
Public defence
2016-05-27, Kollegiesalen, Brinellvägen 8, KTH Campus, Stockholm, 13:00 (English)
Opponent
Supervisors
Note

QC 20160503

Available from: 2016-05-09 Created: 2016-04-29 Last updated: 2016-05-09Bibliographically approved

Open Access in DiVA

The full text will be freely available from 2018-05-01 09:31
Available from 2018-05-01 09:31

Search in DiVA

By author/editor
Whitehead, Jake
By organisation
Transport and Location AnalysisCentre for Transport Studies, CTS
Transport Systems and Logistics

Search outside of DiVA

GoogleGoogle Scholar
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 18 hits
ReferencesLink to record
Permanent link

Direct link