Public charging infrastructure for plug-in electric vehicles: What is it worth?
Lack of charging infrastructure is an important barrier to the growth of the plug-in electric vehicle (PEV) market. Public charging infrastructure has tangible and intangible value, such as reducing range anxiety or building confidence in the future of the PEV market. Quantifying the value of public charging infrastructure can inform analysis of investment decisions and can help predict the impact of charging infrastructure on future PEV sales. Estimates of willingness to pay (WTP) based on stated preference surveys are limited by consumers’ lack of familiarity with PEVs. As an alternative, the authors focus on quantifying the tangible value of public PEV chargers in terms of their ability to displace gasoline use for PHEVs and to enable additional electric (e−) vehicle miles for BEVs, thereby mitigating the limitations of shorter range and longer recharging time. Simulation studies provide data that can be used to quantify e-miles enabled by public chargers and the value of additional e-miles can be inferred from econometric estimates of WTP for increased vehicle range. Functions are synthesized that estimate the WTP for public charging infrastructure by plug-in hybrid and battery electric vehicles, conditional on vehicle range, annual vehicle travel, pre-existing charging infrastructure, energy prices, vehicle efficiency, and household income. A case study based on California’s public charging network in 2017 indicates that, to the purchaser of a new BEV with a 100-mile range and home recharging, existing public fast chargers are worth about $1500 for intraregional travel, and fast chargers along intercity routes are valued at over $6500.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/13619209
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Supplemental Notes:
- © 2019 Published by Elsevier Ltd. Abstract reprinted with permission of Elsevier.
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Authors:
- Greene, David L
- Kontou, Eleftheria
- Borlaug, Brennan
- Brooker, Aaron
- Muratori, Matteo
- Publication Date: 2020-1
Language
- English
Media Info
- Media Type: Web
- Features: Figures; References; Tables;
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Serial:
- Transportation Research Part D: Transport and Environment
- Volume: 78
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 1361-9209
- Serial URL: http://www.sciencedirect.com/science/journal/13619209
Subject/Index Terms
- TRT Terms: Case studies; Costs; Econometrics; Electric vehicle charging; Infrastructure; Plug-in hybrid vehicles
- Geographic Terms: California
- Subject Areas: Energy; Finance; Highways; Vehicles and Equipment;
Filing Info
- Accession Number: 01728140
- Record Type: Publication
- Files: TRIS
- Created Date: Jan 28 2020 9:42AM