Dynamic analysis of the investment decision of electric vehicle charging facilities and the promotion effect measurement for electric vehicles
This paper aims to analyze the deep reason why there exists hesitation when investors decide whether invest in EV charging facilities (ECFs). To this end, a series of theoretic models are built and derived, and some enlightening results are got. The main results confirm that charging facility investors are insufficiently motivated to follow a moderately aggressive investment strategy in the early stages of EV development. For stimulating ECFs’ investment, the marginal conditions in which the investors choose active or conservative investment strategies to lay out charging facilities are analyzed, and the effects under different ECFs investment strategies are quantized in terms of driving the market development of EVs. Based on the findings, relevant policy suggestions are proposed. Finally, to verify the gained results, a case study in the context of China is given.
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Copyright (c) 2023 Lefeng Shi, Guanhong Chen, Song Wang
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