Impact of electric vehicles on existing car usage: A mixed multiple discrete–continuous extreme value model approach

This study investigates how the introduction of electric vehicles may influence the usage of existing cars. A survey of 250 households in South Korea is used to analyze a future automobile market that includes electric vehicles taking into account the heterogeneity of consumer preferences and usage patterns. Based on consumer preferences, the future market share of various vehicles is estimated and the impact of promoting the usage of electric vehicles by government subsidization and tax incentives is analyzed.

► We analyze the effect of introducing electric vehicles on the usage of existing cars.
► The potential of the electric vehicle is greater than any other vehicles types.
► We conduct scenario analysis to analyze the effect of government subsidies policies.
► Purchase price subsidies and tax reductions are considered.
► Scenario analysis finds purchase price subsides to be more likely to be effective.