Dorsey, Jackson.
Fueling Alternatives: Gas Station Choice and the Implications for Electric Charging /
Jackson Dorsey, Ashley Langer, Shaun McRae.
- Cambridge, Mass. National Bureau of Economic Research 2022.
- 1 online resource: illustrations (black and white);
- NBER working paper series no. w29831 .
- Working Paper Series (National Bureau of Economic Research) no. w29831. .
March 2022.
This paper estimates an imperfect information discrete choice model of drivers' refueling preferences and analyzes the implications of these preferences for electric vehicle (EV) adoption. Drivers respond four times more to stations' long-run average prices than to current prices and value travel time at $27.54/hour. EV adopters with home charging receive $829 per vehicle in benefits from avoiding travel to gas stations, whereas refueling travel and waiting time costs increase by $9,169 for drivers without home charging. Increasing the charging speed of the existing network yields 4.7 times greater time savings than a proportional increase in the number of stations.
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