Next Article in Journal
Notifiable Sexually Transmitted Infections in China: Epidemiologic Trends and Spatial Changing Patterns
Previous Article in Journal
Probabilistic Cash Flow-Based Optimal Investment Timing Using Two-Color Rainbow Options Valuation for Economic Sustainability Appraisement
Article Menu
Issue 10 (October) cover image

Export Article

Open AccessArticle
Sustainability 2017, 9(10), 1783; doi:10.3390/su9101783

Does Driving Range of Electric Vehicles Influence Electric Vehicle Adoption?

1
Graduate School of Management of Technology, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul 02841, South Korea
2
Technology Appraisal Department, Korea Technology Finance Corporation, 33 Munhyeon Geumyung-ro, Nam-gu, Busan 48400, South Korea
3
School of Industrial Management Engineering, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul 02841, South Korea
*
Author to whom correspondence should be addressed.
Received: 19 August 2017 / Revised: 17 September 2017 / Accepted: 29 September 2017 / Published: 1 October 2017
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
View Full-Text   |   Download PDF [2007 KB, uploaded 1 October 2017]   |  

Abstract

This study aims to determine the influential factors on the market share of electric vehicles through panel data analysis based on time series data from 2011 to 2015 in 31 countries. We selected five significant independent variables that are expected to affect electric vehicle adoption based on literature review. The econometric model in this study suggests that the relative price of electric vehicle compared to internal combustion engine vehicle, driving range, and number of models available in markets are correlated to the market share of electric vehicles. On the other hand, relationship between recharging infrastructure—an important factor for electric vehicle adoption in many studies—and market share of electric vehicles turned out to be insignificant in this study. From a political point of view, we argue that policy makers need to allocate more resources to research and development in order to extend driving range at the early stage of electric vehicle deployment in the markets. View Full-Text
Keywords: electric vehicle adoption; driving range; eco-innovation; battery performance; panel data analysis; environmental policy electric vehicle adoption; driving range; eco-innovation; battery performance; panel data analysis; environmental policy
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Kim, S.; Lee, J.; Lee, C. Does Driving Range of Electric Vehicles Influence Electric Vehicle Adoption? Sustainability 2017, 9, 1783.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top