Next Article in Journal
Role of Waste Collection Efficiency in Providing a Cleaner Rural Environment
Previous Article in Journal
Combined Experimental and Field Data Sources in a Prediction Model for Corrosion Rate under Insulation
Open AccessArticle

Key Drivers behind the Adoption of Electric Vehicle in Korea: An Analysis of the Revealed Preferences

by Eunsung Kim 1,* and Eunnyeong Heo 2
1
Technology, Management, and Policy Program, College of Engineering, Seoul National University, Seoul 08826, Korea
2
Department of Energy System Engineering, College of Engineering, Seoul National University, Seoul 08826, Korea
*
Author to whom correspondence should be addressed.
Sustainability 2019, 11(23), 6854; https://doi.org/10.3390/su11236854
Received: 2 October 2019 / Revised: 15 November 2019 / Accepted: 26 November 2019 / Published: 2 December 2019
Electrification of passenger cars is one of the most popular ways to decarbonize the transportation sector and to reduce local air pollutants. Many researches have tried to examine what will be the driving factors to achieve the widespread adoption of electric vehicles (EVs). In this study, we analyzed the factors for EV adoption with the data of revealed preference from 2013 to 2017 in Korea. Analyses showed that the driving range of EVs and financial incentives have a positive impact on EV deployment. Also, the driving range is found to be the most critical factor explaining the market growth of EVs. The results suggest that technical improvement increases the value of EVs and in turn raises the probability of consumers’ decision to purchase EVs. Financial incentive as well can encourage consumers to buy EVs, however, is not strong enough to create transitions from internal combustion engine vehicles (ICEVs) to EVs. View Full-Text
Keywords: electric vehicle adoption; driving range; financial incentive; charging infrastructures; technology adoption; technology policy electric vehicle adoption; driving range; financial incentive; charging infrastructures; technology adoption; technology policy
Show Figures

Figure 1

MDPI and ACS Style

Kim, E.; Heo, E. Key Drivers behind the Adoption of Electric Vehicle in Korea: An Analysis of the Revealed Preferences. Sustainability 2019, 11, 6854.

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.

Article Access Map by Country/Region

1
Back to TopTop