Highlights This study estimates the economic value of a vehicle-to-grid service in South Korea. We elicit consumers’ willingness to accept (WTA) for the V2G service. Contingent valuation survey of 1007 households was conducted. The mean WTA was estimated at KRW 9821 (USD 8.8).

    Abstract Under the new climate-change regime, electric vehicles (EVs) have received particular attention for their ability to help mitigate greenhouse gas emissions. The government is looking to implement a vehicle-to-grid (V2G) service for EV use. The present study estimates the economic value of a V2G service, adopting the contingent valuation approach. An online contingent valuation oriented survey of 1007 interviewees was conducted for deriving their willingness-to-accept for the service. The mean willingness-to-accept estimate was achieved as KRW 9821 (USD 8.83) per month, per vehicle; thus, the estimated annual benefit amounted to KRW 117,852 (USD 106.01). The findings can offer a valuable guideline for determining the economic feasibility of a V2G service. From a management perspective, the results can help primary stakeholders decide the optimal price level for that service.


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    Titel :

    Willingness to accept values for vehicle-to-grid service in South Korea


    Beteiligte:
    Lee, Chul-Yong (Autor:in) / Jang, Jung-Woo (Autor:in) / Lee, Min-Kyu (Autor:in)


    Erscheinungsdatum :

    2020-01-01




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch





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