Skip to Main content Skip to Navigation
New interface
Journal articles

A Game-Theory Analysis of Electric Vehicle Adoption in Beijing under License Plate Control Policy

Abstract : To reduce traffic congestion and protect the environment, license plate control (LPC) policy has been implemented in Beijing since 2011. In 2019, 100,000 vehicle license plates were distributed, including 60,000 for electric vehicles (EVs) and 40,000 for gasoline vehicle (GVs). However, whether the current license 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 number of 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 the government 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%. In terms of energy prices, when gasoline price is low, reducing electricity prices could contribute to EV adoption significantly, while that effect tapers off as gasoline prices increase.
Complete list of metadata

https://hal-ifp.archives-ouvertes.fr/hal-03686100
Contributor : Catherine Belli Connect in order to contact the contributor
Submitted on : Thursday, June 2, 2022 - 3:01:52 PM
Last modification on : Friday, September 2, 2022 - 9:46:10 AM
Long-term archiving on: : Saturday, September 3, 2022 - 7:38:03 PM

File

 Restricted access
To satisfy the distribution rights of the publisher, the document is embargoed until : 2023-11-15

Please log in to resquest access to the document

Identifiers

Collections

IFP

Citation

Lijing Zhu, Jingzhou Wang, Arash Farnoosh, Xunzhang Pan. A Game-Theory Analysis of Electric Vehicle Adoption in Beijing under License Plate Control Policy. Energy, 2022, 244 (Part A), pp.122628. ⟨10.1016/j.energy.2021.122628⟩. ⟨hal-03686100⟩

Share

Metrics

Record views

34