Influence of the adoption of new mobility tools on investments in home renewable energy equipment: results of a stated choice experiment

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The increasing shift of individuals to use new electric mobility tools like electric cars (EV) and electric bikes has changed household energy expenditure. It may also affect households’ investments in renewable energy equipment, i.e. solar panels, heat pumps. Relatively little research has been conducted on how the decision to purchase electric vehicles affects the decision to invest in home renewable energy equipment. This paper, therefore, aims to examine the effects of mobility tools decisions on the intention to invest in solar panels and heat pumps, based on the data collected through a stated choice experiment. A mixed logit model is estimated to capture unobserved heterogeneity among individuals. Results show that mobility tools significantly influence the choice of home renewable energy equipment. Households who prefer to purchase electric vehicles have a higher probability to invest in solar panels and heat pumps than households who prefer other mobility tools. In addition, EV adopters’ intention to invest in solar panels are stronger than the intention to invest in heat pumps. This suggests that electric vehicle users are likely the early adopters of solar panels.

TaalEngels
Artikelnummer101641
Aantal pagina's11
TijdschriftSustainable Cities and Society
Volume50
DOI's
StatusGepubliceerd - 1 okt 2019

Vingerafdruk

renewable energy
heat pump
electric vehicle
Electric vehicles
Pumps
experiment
purchase
energy
Solar equipment
Experiments
household energy
expenditure
automobile
expenditures
Railroad cars
Hot Temperature
decision
household

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    title = "Influence of the adoption of new mobility tools on investments in home renewable energy equipment: results of a stated choice experiment",
    abstract = "The increasing shift of individuals to use new electric mobility tools like electric cars (EV) and electric bikes has changed household energy expenditure. It may also affect households’ investments in renewable energy equipment, i.e. solar panels, heat pumps. Relatively little research has been conducted on how the decision to purchase electric vehicles affects the decision to invest in home renewable energy equipment. This paper, therefore, aims to examine the effects of mobility tools decisions on the intention to invest in solar panels and heat pumps, based on the data collected through a stated choice experiment. A mixed logit model is estimated to capture unobserved heterogeneity among individuals. Results show that mobility tools significantly influence the choice of home renewable energy equipment. Households who prefer to purchase electric vehicles have a higher probability to invest in solar panels and heat pumps than households who prefer other mobility tools. In addition, EV adopters’ intention to invest in solar panels are stronger than the intention to invest in heat pumps. This suggests that electric vehicle users are likely the early adopters of solar panels.",
    keywords = "Electric mobility, Home renewable energy equipment, Household energy consumption, Mixed logit model",
    author = "Gaofeng Gu and Dujuan Yang and Tao Feng and Harry Timmermans",
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    journal = "Sustainable Cities and Society",
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    T2 - Sustainable Cities and Society

    AU - Gu,Gaofeng

    AU - Yang,Dujuan

    AU - Feng,Tao

    AU - Timmermans,Harry

    PY - 2019/10/1

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    N2 - The increasing shift of individuals to use new electric mobility tools like electric cars (EV) and electric bikes has changed household energy expenditure. It may also affect households’ investments in renewable energy equipment, i.e. solar panels, heat pumps. Relatively little research has been conducted on how the decision to purchase electric vehicles affects the decision to invest in home renewable energy equipment. This paper, therefore, aims to examine the effects of mobility tools decisions on the intention to invest in solar panels and heat pumps, based on the data collected through a stated choice experiment. A mixed logit model is estimated to capture unobserved heterogeneity among individuals. Results show that mobility tools significantly influence the choice of home renewable energy equipment. Households who prefer to purchase electric vehicles have a higher probability to invest in solar panels and heat pumps than households who prefer other mobility tools. In addition, EV adopters’ intention to invest in solar panels are stronger than the intention to invest in heat pumps. This suggests that electric vehicle users are likely the early adopters of solar panels.

    AB - The increasing shift of individuals to use new electric mobility tools like electric cars (EV) and electric bikes has changed household energy expenditure. It may also affect households’ investments in renewable energy equipment, i.e. solar panels, heat pumps. Relatively little research has been conducted on how the decision to purchase electric vehicles affects the decision to invest in home renewable energy equipment. This paper, therefore, aims to examine the effects of mobility tools decisions on the intention to invest in solar panels and heat pumps, based on the data collected through a stated choice experiment. A mixed logit model is estimated to capture unobserved heterogeneity among individuals. Results show that mobility tools significantly influence the choice of home renewable energy equipment. Households who prefer to purchase electric vehicles have a higher probability to invest in solar panels and heat pumps than households who prefer other mobility tools. In addition, EV adopters’ intention to invest in solar panels are stronger than the intention to invest in heat pumps. This suggests that electric vehicle users are likely the early adopters of solar panels.

    KW - Electric mobility

    KW - Home renewable energy equipment

    KW - Household energy consumption

    KW - Mixed logit model

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