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| 1 |
ID:
162927
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| Summary/Abstract |
This paper empirically examines the factors influencing consumers’ choices concerning the purchase of hybrid electric vehicles (HEVs). In addition, the paper investigates whether purchasing HEVs causes a rebound effect through which purchasers of HEVs increase their annual vehicle mileage. The results suggest that consumers who are more attentive to fuel economy may be inclined to choose HEVs. Moreover, the existence of the direct rebound effect is confirmed by the finding that the purchase of an HEV leads to an increase in annual mileage per household. Greater mileage increases future fuel cost savings from using an HEV relative to a conventional vehicle, and thus potentially leads to increased fuel cost savings that offset the extra cost of choosing an HEV. However, if the purchase of HEVs leads to a considerable increase in annual mileage, overall annual automotive CO2 emissions per household may be significantly increased by using HEVs.
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| 2 |
ID:
126562
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| Publication |
2013.
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| Summary/Abstract |
This paper attempts to measure consumers' perceived net benefits (or net costs) of energy-saving measures in using energy-consuming durable goods. Using the estimated net costs and the volume of CO2 reduced by the measures, a marginal abatement cost (MAC) curve for the average household's CO2 emissions is produced. An analysis using the curve suggests that in order to provide households with an incentive to take actions that can lead to CO2 emission reductions in using energy-consuming durables, a high level of carbon price is needed. In addition, a regression analysis reveals that the net benefits of the measures are larger for households that put a higher priority on energy saving, for those living in detached houses, for those with a smaller number of persons living together, and for those with less income. The result of the analysis using the MAC curve may suggest that promoting energy-saving behavior will require not only a policy to provide economic incentives but also interventions to influence psychological factors of household behavior.
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