![]() ![]() ![]() The analysis reveals that electric vehicles-including hybrids, plug-in hybrids, and pure battery electric, collectively termed 圎Vs-had the potential to secure as much as ~ 11% of the US market in 2015, but the actual market share was only one-third of this. This paper measures the changes in consumers’ purchase motivations and latent demand for hybrid and plug-in electric vehicles in the wake of such programs by analyzing the past 11 years of new vehicle buyer survey data in the USA with more than 1 million respondents. To promote adoption, policymakers have employed various demand- and supply-side policies including incentives, fuel economy standards, zero emission vehicle mandate, among others. Consumer adoption of fuel-efficient vehicles is a crucial step in improving energy efficiency of the light-duty vehicle sector. ![]()
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