TRB Pubsindex
Text Size:
x

« Prev Next »

Return to Results | New Search

Bookmark and Share

Title:

Estimation of Vehicle Residential Parking Ratios in China and Quantification of Its Potential Value on PEV Ownership

Accession Number:

01657429

Record Type:

Component

Abstract:

Motivated by air quality, energy security and technology leapfrogging, China has adopted policies to encourage vehicle electrification along with the motorization. However, one major barrier to greater consumer acceptance of PEVs is the lack of residential charging piles, which heavily depends on residential parking availability. Although rapid urbanization and motorization have stimulated the supply of residential parking spaces, it is unclear whether a better residential parking availability will be sufficient to serve the anticipated electric vehicle charging demand. This study analyzes and projects the residential parking ratios (parking spaces vs household numbers) in China, by area and by province, through data mining of several major real estate trading network platforms. The results show that the average residential parking ratios from 2015 to 2050 vary by the age of the house, geographic areas, building life expectancy. The increase of residential parking spaces is positively correlated to the economic level, urbanization rate, and urban planning. Furthermore, this study constructs a quantification model to calculate the potential economic values of residential parking to PEVs, and to estimate them by Monte Carlo simulation with @Risk®. The value of the residential parking to the PEV owners ranges from $2,936 USD to $22,460 USD. Compared with the benchmark of 2015 level, the total incremental economic value brought by the growth of residential parking availability to the PEV ownership in China is approximately over $3.99 billion USD in 2025, and over $185.36 billion USD in 2050 (U.S. dollars in 2015 level).

Supplemental Notes:

This paper was sponsored by TRB committee ADC80 Standing Committee on Alternative Transportation Fuels and Technologies.

Report/Paper Numbers:

18-04789

Language:

English

Authors:

Ou, Shiqi
Lin, Zhenhong
He, Xin
Przesmitzki, Steven

Pagination:

6p

Publication Date:

2018

Conference:

Transportation Research Board 97th Annual Meeting

Location: Washington DC, United States
Date: 2018-1-7 to 2018-1-11
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Geographic Terms:

China

Subject Areas:

Economics; Energy; Highways; Vehicles and Equipment

Source Data:

Transportation Research Board Annual Meeting 2018 Paper #18-04789

Files:

TRIS, TRB, ATRI

Created Date:

Jan 8 2018 11:11AM