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Simulating Demand for Electrical Vehicles using Revealed Preference Data. ESRI WP437. May 2012

Driscoll, Aine and Lyons, Sean and Mariuzzo, Franco and Tol, Richard S.J. (2012) Simulating Demand for Electrical Vehicles using Revealed Preference Data. ESRI WP437. May 2012. [Working Paper]

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    We have modelled the market for new cars in Ireland with the aim of quantifying the values placed on a range of observable car characteristics. Mid-sized petrol cars with a manual transmission sell best. Price and perhaps fuel cost are negatively associated with sales, and acceleration and perhaps range are positively associated. Hybrid cars are popular. The values of car characteristics are then used to simulate the likely market shares of three new electrical vehicles. Electrical vehicles tend to be more expensive even after tax breaks and subsidies are applied, but we assume their market shares would benefit from an “environmental” premium similar to those of hybrid cars. The “environmental” premium and the level of subsidies would need to be raised to incredible levels to reach the government target of 10% market penetration of all-electric vehicles.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > industrial policy
    Countries > Ireland
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 05 Nov 2019 11:20
    Number of Pages: 23
    Last Modified: 05 Nov 2019 11:20

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