Authors
Martino Tran, David Banister, Justin DK Bishop, Malcolm D McCulloch
Publication date
2013/6/1
Journal
Technological Forecasting and Social Change
Volume
80
Issue
5
Pages
865-875
Publisher
North-Holland
Description
We quantify the conditions that might trigger wide spread adoption of alternative fuel vehicles (AFVs) to support energy policy. Empirical review shows that early adopters are heterogeneous motivated by financial benefits, environmental appeal, new technology, and vehicle reliability. A probabilistic Monte Carlo simulation model is used to assess consumer heterogeneity for early and mass market adopters. For early adopters full battery electric vehicles (BEVs) are competitive but unable to surpass diesels or hybrids due to purchase price premium and lack of charging availability. For mass adoption, simulations indicate that if the purchase price premium of a BEV closes to within 20% of an in-class internal combustion engine (ICE) vehicle, combined with a 60% increase in refuelling availability relative to the incumbent system, BEVs become competitive. But this depends on a mass market that values the fuel …
Total citations
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Scholar articles
M Tran, D Banister, JDK Bishop, MD McCulloch - Technological Forecasting and Social Change, 2013