Investment Motivation Analysis of Electric Vehicle Facilities and Corresponding Incentive Scheme Design

Abstract

Abstract: Charging inconvenience has become one of the main obstacles to popularizing electric vehicles. In order to find the internal reasons why electric vehicle facility providers are not motivated to invest in electric vehicle facilities and work out corresponding countermeasures so as to promote the rapid development of electric vehicles, this paper analyzes the dynamic investment behavior of chargingfacility-service providers in different regional markets under the sequential investment and the simultaneous investment model from the perspective of space dimension and time dimension, and furthermore constructs the corresponding incentive scheme. The results indicate that in the early stage of electric vehicles development, under either sequential investment or simultaneous investment scenario, charging facility service providers tended to invest in relatively low-demand markets due to the impact of the cost of building a charging station in an area with high demand for electric vehicle charging; however, the choice will shift to a high-demand market along with the development of electric vehicles. For the purpose of motivating service providers to invest in high-demand market and thereby increasing the number of charging facilities in high-demand market, this paper designs a corresponding investment incentive scheme for the sequential investment scenario and the simultaneous investment scenario respectively together with the proposed minimum incentive amount and conditions for terminating the incentive policies. The results of numerical examples verify the feasibility of the proposed strategies.

Key words: charging facilities, double dimensions, regional market, investment decision, incentive scheme

Wang Song, Shi Lefeng, Ren Jin. Investment Motivation Analysis of Electric Vehicle Facilities and Corresponding Incentive Scheme Design[J]. Management Review, 2022, 34(8): 76-91.

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