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Factors Influencing Consumer Likelihood of Purchasing a Flexible-Fuel or Hybrid Automobile AgEcon
Li, Xiaogu; Clark, Christopher D.; Jensen, Kimberly L.; English, Burton C.; Yen, Steven T..
Developing fuels and vehicles that reduce our reliance on fossil fuels has become a priority due to the threat of global climate change and desire for reduced dependence on oil imports. Flexible-fuel vehicles that can run on ethanol/gasoline blends of up to 85% ethanol and hybrid electric vehicles present two such opportunities. While production of both flexible-fuel and hybrid vehicles is increasing, there is still a great deal of uncertainty about how consumers will respond to these products. To address this uncertainty, data was collected through an online survey of automobile owners that asked respondents how likely they were to choose either a flexible-fuel or hybrid vehicle as their next vehicle. A bivariate probit model was used to jointly analyze...
Tipo: Conference Paper or Presentation Palavras-chave: Flexible-fuel vehicles; Ethanol; E85; Hybrid electric vehicles; Demand and Price Analysis; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/60981
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Willingness to Pay for Emission Reductions with E85 AgEcon
Jensen, Kimberly L.; Marra, Adrienne; Clark, Christopher D.; English, Burton C..
This study examines consumers' WTP for reductions in greenhouse gas emissions from E85 as opposed to gasoline. Data were collected via a contingent choice exercise in a 2009 national online survey. As part of the fuel choice exercise, several fuel attributes were allowed to vary including emission reductions, import level, proximity of fuel availability, price, and fuel blend (E85 or regular gasoline). A random parameters model with demographics and attitudes interacted with emission reductions was estimated. The resulting estimates suggest that, overall the WTP for an emission reduction is not statistically significant. However, for some demographic and attitudinal profiles, the WTP is significant. An example profile includes younger age, female,...
Tipo: Conference Paper or Presentation Palavras-chave: Willingness to Pay; Emission Reductions; E85; Consumer/Household Economics; Environmental Economics and Policy; Q41; Q51.
Ano: 2010 URL: http://purl.umn.edu/60916
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