Suchergebnisse

To reduce traffic congestion and protect the environment, license plate control (LPC) policy has beenimplemented in Beijing since 2011. In 2019, 100,000 vehicle license plates were distributed, including60,000 for electric vehicle (EV) and 40,000 for gasoline vehicle (GV). However, whether the currentlicense plate allocation is optimal from a social welfare maximization perspective remains unclear. This paper proposes a two-level Stackelberg game which portrays the interaction between vehicle applicants and the government to quantify the optimal EV license plates under the LPC policy in Beijing. The equilibrium number of EV license plates derived from the Stackelberg model is 58,800, which could increase the social welfare by 0.38%. Sensitivity analysis is conducted to illustrate the impact of important influential factors — total license plate quota, vehicle rental fee, and energy price — on EV adoption. The LPC policy under COVID-19 is also studied through a scenario analysis. If thegovernment additionally increases the total quota by 20,000, 24% could be allocated to GV and 76% to EV. One third reduction of the current vehicle rental fee could increase EV license plates by 10.5%. Interms of energy prices, when gasoline price is low, reducing electricity price could contribute to EVadoption significantly, while that effect tapers off as the gasoline price rises.

To reduce traffic congestion and protect the environment, license plate control (LPC) policy has beenimplemented in Beijing since 2011. In 2019, 100,000 vehicle license plates were distributed, including60,000 for electric vehicle (EV) and 40,000 for gasoline vehicle (GV). However, whether the currentlicense plate allocation is optimal from a social welfare maximization perspective remains unclear. This paper proposes a two-level Stackelberg game which portrays the interaction between vehicle applicants and the government to quantify the optimal EV license plates under the LPC policy in Beijing. The equilibrium number of EV license plates derived from the Stackelberg model is 58,800, which could increase the social welfare by 0.38%. Sensitivity analysis is conducted to illustrate the impact of important influential factors — total license plate quota, vehicle rental fee, and energy price — on EV adoption. The LPC policy under COVID-19 is also studied through a scenario analysis. If thegovernment additionally increases the total quota by 20,000, 24% could be allocated to GV and 76% to EV. One third reduction of the current vehicle rental fee could increase EV license plates by 10.5%. Interms of energy prices, when gasoline price is low, reducing electricity price could contribute to EVadoption significantly, while that effect tapers off as the gasoline price rises.

To reduce traffic congestion and protect the environment, license plate control (LPC) policy has beenimplemented in Beijing since 2011. In 2019, 100,000 vehicle license plates were distributed, including60,000 for electric vehicle (EV) and 40,000 for gasoline vehicle (GV). However, whether the currentlicense plate allocation is optimal from a social welfare maximization perspective remains unclear. This paper proposes a two-level Stackelberg game which portrays the interaction between vehicle applicants and the government to quantify the optimal EV license plates under the LPC policy in Beijing. The equilibrium number of EV license plates derived from the Stackelberg model is 58,800, which could increase the social welfare by 0.38%. Sensitivity analysis is conducted to illustrate the impact of important influential factors — total license plate quota, vehicle rental fee, and energy price — on EV adoption. The LPC policy under COVID-19 is also studied through a scenario analysis. If thegovernment additionally increases the total quota by 20,000, 24% could be allocated to GV and 76% to EV. One third reduction of the current vehicle rental fee could increase EV license plates by 10.5%. Interms of energy prices, when gasoline price is low, reducing electricity price could contribute to EVadoption significantly, while that effect tapers off as the gasoline price rises.