Electric Vehicle Adoption Behavior and Vehicle Transaction Decision: Estimating an Integrated Choice Model with Latent Variables on a Retrospective Vehicle Survey

Electric vehicles (EVs) promise a sustainable solution to mitigating negative emission externalities of transportation systems caused by fossil-fueled conventional (CVs). While recent developments in battery technology and charging infrastructure can help evolve the niche market EVs into mass market, are yet be widely adopted public. This calls for an in-depth understanding public adoption behavior as one dimension vehicle decision making, which itself may intertwined with other decision-making dimensions, especially transaction. study presents integrated choice model latent variables (ICLV) investigate households’—as unit—decisions on transaction type (i.e., no transaction, sell, add, trade) fuel CVs all EV types, including hybrid EV, plug-in EV) choice. To analyze ICLV empirically, first revealed preferences national survey involving types was conducted, retrospectively inquired about 1,691 American households’ dynamics making demographic attributes over 10-year period well their attitudes/preferences. The estimation results highlight that is influenced mainly (1) household (2) four constructs explaining attentiveness attributes, social influence, environmental consciousness, savviness. Notably, promotion policies found likely most effective socially individuals, who tend consider advertisement trend more when decisions.