Demand for alternative-fuel vehicles when registration taxes are high

Stefan Lindhard Mabit; Mogens Fosgerau

doi:10.1016/j.trd.2010.11.001

Demand for alternative-fuel vehicles when registration taxes are high

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Abstract

This paper investigates the potential futures for alternative-fuel vehicles in Denmark, where the vehicle registration tax is very high and large tax rebates can be given. A large stated choice dataset has been collected concerning vehicle choice among conventional, hydrogen, hybrid, bio-diesel, and electric vehicles. We estimate a mixed logit model that improves on previous contributions by controlling for reference dependence and allowing for correlation of random effects. Both improvements are found to be important. An application of the model shows that alternative-fuel vehicles with present technology could obtain fairly high market shares given tax regulations possible in the present high-tax vehicle market.

Original language	English
Journal	Transportation Research. Part D: Transport & Environment
Volume	16
Issue number	3
Pages (from-to)	225-231
ISSN	1361-9209
DOIs	https://doi.org/10.1016/j.trd.2010.11.001
Publication status	Published - 2011

Keywords

Vehicle choice
Stated preference
Alternative-fuel vehicles
Sustainable road transport

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title = "Demand for alternative-fuel vehicles when registration taxes are high",

abstract = "This paper investigates the potential futures for alternative-fuel vehicles in Denmark, where the vehicle registration tax is very high and large tax rebates can be given. A large stated choice dataset has been collected concerning vehicle choice among conventional, hydrogen, hybrid, bio-diesel, and electric vehicles. We estimate a mixed logit model that improves on previous contributions by controlling for reference dependence and allowing for correlation of random effects. Both improvements are found to be important. An application of the model shows that alternative-fuel vehicles with present technology could obtain fairly high market shares given tax regulations possible in the present high-tax vehicle market.",

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AB - This paper investigates the potential futures for alternative-fuel vehicles in Denmark, where the vehicle registration tax is very high and large tax rebates can be given. A large stated choice dataset has been collected concerning vehicle choice among conventional, hydrogen, hybrid, bio-diesel, and electric vehicles. We estimate a mixed logit model that improves on previous contributions by controlling for reference dependence and allowing for correlation of random effects. Both improvements are found to be important. An application of the model shows that alternative-fuel vehicles with present technology could obtain fairly high market shares given tax regulations possible in the present high-tax vehicle market.

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KW - Alternative-fuel vehicles

KW - Sustainable road transport

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Demand for alternative-fuel vehicles when registration taxes are high

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