Powering Up a Slow Charging Market: How Do Government Subsidies Affect Charging Station Supply?

Luo, Zunian

doi:10.2139/ssrn.4292231

Cited by 1 publication

(1 citation statement)

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“…Given these aspects and the broader shifts in the transportation landscape, the NEV charging point subsidy policy may affect the subway premium in three main ways. First, the charging point subsidy policy could subsidize the cost of charging station construction, thereby stimulating investment demand and increasing the number of charging stations [39]. Second, the policy may guide the construction of charging stations in residential communities and public places, promoting a scientific distribution of charging points and rationalizing pricing [40].…”

Section: Hypothesesmentioning

confidence: 99%

Impact of New Energy Vehicle Charging Point Subsidy Policy on Subway Demand: Evidence from Beijing’s Real Estate Market

Bi,

Liu,

Liu

et al. 2024

Sustainability

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New energy vehicles (NEVs) offer a sustainable private transportation alternative. Charging points are the source of power for NEVs; thus, their construction can significantly lower the costs associated with their use, thereby encouraging their adoption. This could potentially impact the subway demand, which is reflected by the relationship between housing prices and subway proximity in this paper, leading to a decrease in the premium for properties near subway stations. Utilizing a comprehensive data set of 599,916 housing transactions in Beijing and a difference-in-differences approach based on the hedonic price model, we found that China’s NEV charging point subsidy policy significantly decreases the subway premium of housing prices and mitigates housing price disparities. Furthermore, we explored the spatial heterogeneity of this impact, finding that the policy has less influence on residents living near the city center. Our findings indicate that the policy has resulted in a considerable decrease in the subway premium, ranging from ¥19,217 to ¥55,936 ($2745 to $7991) per transaction, which is equivalent to the annual income for an average individual at the time of the policy. The results address the far-reaching implications and significant role of NEV development in urban transportation.

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Section: Hypothesesmentioning

confidence: 99%