Highlights ► We forecast the market potential for plug-in hybrid and battery electric vehicles in Flanders, Belgium. ► Part-worth utilities are found for nine vehicle attributes. ► We forecast the penetration rate of electric vehicles in 2012, 2020 and 2030. ► We conclude that until 2020, the market share of electric vehicles will still be limited.
Abstract This paper considers the market potential for battery electric and plug-in hybrid electric vehicles in Flanders, Belgium. Making use of a large-scale survey conducted in 2011 and applying a choice-based conjoint experiment, it is predicted that by 2020, battery electric vehicles could have a market share of about 5% of new vehicles, and plug-in hybrid electric vehicles could have a share of around 7%. By 2030, these figures could increase to 15% and 29%. The speed of up-take of electric vehicles, however, is sensitive to purchase costs.
The market potential for plug-in hybrid and battery electric vehicles in Flanders: A choice-based conjoint analysis
Transportation Research Part D: Transport and Environment ; 17 , 8 ; 592-597
2012-01-01
6 pages
Article (Journal)
Electronic Resource
English
A choice-based conjoint analysis on the market potential of PHEVs and BEVs in Flanders
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|Promoting the Market for Plug-In Hybrid and Battery Electric Vehicles
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