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Energy Systems and Technologies for the Coming Century ...

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Fur<strong>the</strong>rmore, respondents seem able to reply meaningfully to questions, which seemreasonable since <strong>the</strong> choice situation is quite similar to <strong>the</strong> situation <strong>the</strong>y were in recentlywhen choosing which new car to purchase in real life.Ano<strong>the</strong>r interesting finding is that group 1, having an environmentally friendly attitude<strong>and</strong> behaviour, valuates more environmentally friendly alternatives such as hydrogen orhybrid significantly higher compared to <strong>the</strong> o<strong>the</strong>r segments. This is what one wouldexpect. What may be more interesting is that respondents who are "car lovers" <strong>and</strong> whohave an environmentally friendly behaviour value environmentally friendly alternativeslower compared to o<strong>the</strong>r segments.6 Willingness to pay6.1 Alternative technologyBased on <strong>the</strong> parameter estimates above it is possible to calculate willingness to pay <strong>for</strong><strong>the</strong> new technologies, both <strong>for</strong> <strong>the</strong> total sample <strong>and</strong> broken down in <strong>the</strong> four segments.As can be seen <strong>the</strong> willingness to pay <strong>for</strong> a hydrogen car which have <strong>the</strong> same com<strong>for</strong>t<strong>and</strong> reliability as a "normal" car is 42,600 DKK. The corresponding willingness to pay<strong>for</strong> an Plug-in electric vehicle is 23,500 DKK. These amounts represents an additionalwillingness to pay of approximately 10% - 15%. It should be noted that <strong>the</strong> scenariosassume that <strong>the</strong>se vehicles are driven by windmill power.Table 6-1 Willingness to pay <strong>for</strong> new technology vehicles.Technology AllEnvironmentalistCar loverBuy ecological milk often Buy ecological milk oftenYes No Yes NoHydrogen 42,600 44,000 44,900 33,800 24,400Hybrid 18,800 19,300 26,100Bio-diesel 10,800 10,100 14,800Plug-in electric 23,500 30,200 22,500 25,200The willingness to pay <strong>for</strong> cleaner technology is significaltly higher in <strong>the</strong> segment ofenvironmentalists. But in this segment <strong>the</strong> willingness to pay is approx twice as high in<strong>the</strong> segment that state <strong>the</strong>y not only have environmental concern but also actsecologically (buy ecological milk often).It is clear that new technologies with less environmental friendly technologies as <strong>for</strong>instance Hybrid vehicles <strong>and</strong> bio-fuel do also have significant WTP, although somewhatlower compared with Plug-in electric <strong>and</strong> Hydrogen.6.2 Operating rangeOne of <strong>the</strong> major problems with plug-in electric vehicles is that <strong>the</strong> operating range islimited, <strong>and</strong> in many cases too limited in order to substitute a traditional vehicle. In <strong>the</strong>above willingness to pay it is assumed that this problem is solved. However, in realworld it is not. Plug-in electric vehicles have low operating range. In a resent study byFDM it was found that plug-in electric vehicles have lower operating range relative towhat is stated in <strong>the</strong> manuals, at least in <strong>the</strong> winter time.The survey conclude that <strong>the</strong> operating range is important. Overall, respondents arewilling to pay 11,000 DKK extra <strong>for</strong> a vehicle with 100 km more operating range.Page 10 of 12Risø International <strong>Energy</strong> Conference 2011 Proceedings Page 331

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