Public infrastructure that enables fast charging for electric vehicles can save a driver $1,500 to $6,500 over the average lifetime of a vehicle.

Willingness to Pay (WTP) analysis finds that public charging infrastructure provides drivers with substantial value.

Date Posted
07/21/2020
Identifier
2020-B01475
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Public Charging Infrastructure for Plug-in Electric Vehicles: What Is It Worth?

Summary Information

Electrification of the light duty consumer vehicle market is a stated public policy goal of many governments around the world. Electric vehicles (EVs) are more energy efficient, quieter, and less polluting than conventional internal combustion vehicles. Yet, a lack of charging infrastructure and consumer concerns about EVs, most notably "range anxiety," have continued to hinder the widespread adoption of EVs. To help address this problem federal, state, and local governments in many countries have begun to build-out public charging infrastructure for EVs.



STUDY METHODOLOGY



A research team conducted a willingness-to-pay analysis of public charging infrastructure to understand if such infrastructure provides drivers with good value and hence helps address consumer concerns about EVs. The team utilized data on existing public charging infrastructure, vehicle range, demographic data, and travel behavior to estimate a series of econometric models that placed a monetary value on public charging infrastructure in the State of California.

FINDINGS

  • Fast chargers provide consumers with an average vehicle lifetime value of about $1,500 if most trips are shorter, intra-regional trips.
  • Fast chargers can provide consumers with an average vehicle lifetime value of about $6,500 if trips are longer, inter-regional trips.
  • Public charging infrastructure overall creates substantial value for drivers of electric vehicles.
Goal Areas
Results Type
Deployment Locations