Willingness to pay for hydrogen fuel cell electric vehicles in China: A choice experiment analysis

Li, Wenbo; Long, Ruyin; Chen, Hong; Chen, Feiyu; Zheng, Xiao Li; He, Zhengxia; Zhang, Linling

doi:10.1016/j.ijhydene.2020.01.046

Cited by 69 publications

(18 citation statements)

References 55 publications

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“…This indicates that people are willing to pay 4.9% more to bring the refueling station closer to one kilometer. Compared with previous studies, the better accessibility, the higher the market preference [22,24,31]. This shows that the results of this study are in line with related studies.…”

Section: Resultssupporting

confidence: 91%

“…FCEVs will increase in demand from 2030 to 2050, but there are problems to be solved, including fuel efficiency, mileage, and hydrogen refueling stations. Specifically, studies have mentioned that the expansion of hydrogen refueling stations is essential for the commercialization of hydrogen vehicles [29][30][31]. Lack of infrastructure, including battery refueling stations, high battery costs, and short mileage, requires high acceptance among vehicle consumers for mass market generation, and if infrastructure is improved, consumers are willing to pay higher prices for vehicle properties [22,32].…”

Section: Literature Reviewmentioning

confidence: 99%

“…Therefore, the fuel efficiency is presented in units of KRW/km. In consideration of the previous study, the prices are suggested from KRW 50/km to equidistant intervals [22,24,31]. Fuel efficiency is based on Nexo, South Korea's first commercial FCEV, to help respondents understand.…”

Section: Data and Survey Designmentioning

confidence: 99%

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Preference Structure on the Design of Hydrogen Refueling Stations to Activate Energy Transition

Park

Nam

et al. 2020

Energies

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As a countermeasure to the greenhouse gas problem, the world is focusing on alternative fuel vehicles (AFVs). The most prominent alternatives are battery electric vehicles (BEV) and fuel cell electric vehicles (FCEVs). This study examines FCEVs, especially considering hydrogen refueling stations to fill the gap in the research. Many studies suggest the important impact that infrastructure has on the diffusion of AFVs, but they do not provide quantitative preferences for the design of hydrogen refueling stations. This study analyzes and presents a consumer preference structure for hydrogen refueling stations, considering the production method, distance, probability of failure to refuel, number of dispensers, and fuel costs as core attributes. For the analysis, stated preference data are applied to choice experiments, and mixed logit is used for the estimation. Results indicate that the supply stability of hydrogen refueling stations is the second most important attribute following fuel price. Consumers are willing to pay more for green hydrogen compared to gray hydrogen, which is hydrogen produced by fossil fuels. Driver fuel type and perception of hydrogen energy influence structure preference. Our results suggest a specific design for hydrogen refueling stations based on the characteristics of user groups.

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Section: Resultssupporting

confidence: 91%

Section: Literature Reviewmentioning

confidence: 99%

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Preference Structure on the Design of Hydrogen Refueling Stations to Activate Energy Transition

Park

Nam

et al. 2020

Energies

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“…Ongoing studies into the purchase decision-making process of NEV consumers supports this view [42][43][44][45][46][47]. Hackbarth and Madlener [48] found that the quality of alternative fuel vehicles has to meet some minimum requirements for consumers who are willing to pay considerable amounts for the improvement of alternative fuel vehicles on driving range, fuel availability, and recharging time.…”

Section: Introductionmentioning

confidence: 94%

Impact of product subsidies on R&D investment for new energy vehicle firms: Considering quality preference of the early adopter group

Meng

Wang

et al. 2020

PLoS ONE

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Different consumer groups accept new energy vehicles sequentially from the perspective of innovation diffusion theory, and the early adopter group has recently been identified. By assuming that the density of early adopters is increasing at minimum acceptable quality thresholds, this paper proposes a vertical quality differentiation model of product R&D with product subsidies. The impact of product subsidies on the R&D investment of new energy vehicle firms is discussed. We show that the early adopters' characteristics may affect the stagnant marginal R&D investment of new energy vehicle firms by increasing sales, which determines the impact mechanism of product subsidies. For firms with decreasing marginal R&D investments, insufficient R&D investments result from financial constraints. If insufficient R&D resources deter firms from conducting R&D, substantial unit subsidies invariably incentivize firms to spend their entire R&D budget. Firms with increasing marginal R&D investments, insufficient R&D profits, or financial constraints are prevented from increasing R&D investment. Product subsidies generally have a crowding-in effect on firms not subject to financial constraints, and this effect increases with the unit subsidy. However, the existence of a crowding-in effect may require sufficiently large unit subsidies. In both situations, product subsidies cannot modulate financial constraints if the firm has spent its entire R&D budget. In the first situation, we also show that product subsidies should be replaced by a funding support policy. In contrast, the second situation shows that a funding support policy should be coordinated with product subsidies.

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“…The major points of concern were driving range, refueling options, including time and accessibility, and emission reductions. [78] These studies indicate that consumer acceptance is in the favor of hydrogen fuel since awareness regarding climate change is high among the global population. The second major issue is the infrastructure capable of transport and distribution of huge quantities of hydrogen.…”

Section: Commercialization Stagementioning

confidence: 99%

Biohydrogen production from microalgae—Major bottlenecks and future research perspectives

Nagarajan

Dong

Chen

et al. 2021

Biotechnology Journal

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The imprudent use of fossil fuels has resulted in high greenhouse gas (GHG) emissions, leading to climate change and global warming. Reduction in GHG emissions and energy insecurity imposed by the depleting fossil fuel reserves led to the search for alternative sustainable fuels. Hydrogen is a potential alternative energy carrier and is of particular interest because hydrogen combustion releases only water. Hydrogen is also an important industrial feedstock. As an alternative energy carrier, hydrogen can be used in fuel cells for power generation. Current hydrogen production mainly relies on fossil fuels and is usually energy and CO 2 -emission intensive, thus the use of fossil fuel-derived hydrogen as a carbon-free fuel source is fallacious. Biohydrogen production can be achieved via microbial methods, and the use of microalgae for hydrogen production is outstanding due to the carbon mitigating effects and the utilization of solar energy as an energy source by microalgae. This review provides comprehensive information on the mechanisms of hydrogen production by microalgae and the enzymes involved. The major challenges in the commercialization of microalgae-based photobiological hydrogen production are critically analyzed and future research perspectives are discussed. Life cycle analysis and economic assessment of hydrogen production by microalgae are also presented.

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Willingness to pay for hydrogen fuel cell electric vehicles in China: A choice experiment analysis

Cited by 69 publications

References 55 publications

Preference Structure on the Design of Hydrogen Refueling Stations to Activate Energy Transition

Preference Structure on the Design of Hydrogen Refueling Stations to Activate Energy Transition

Impact of product subsidies on R&D investment for new energy vehicle firms: Considering quality preference of the early adopter group

Biohydrogen production from microalgae—Major bottlenecks and future research perspectives

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