Application of Crowdfunding on the Financing of EV's Charging Piles
2016 (English)In: CLEAN ENERGY FOR CLEAN CITY: CUE 2016 - APPLIED ENERGY SYMPOSIUM AND FORUM: LOW-CARBON CITIES AND URBAN ENERGY SYSTEMS, 2016, 336-341 p.Conference paper (Refereed)
The market penetration of electric vehicle is subject to the capacity of charging facility greatly, however the development of charging facility is influenced by the economic incentives. In this study, the crowdfunding method is applied for financing the construction of electric vehicle (EV) charging piles, and its advantages was focused and proved. A three-stage sequential game model was developed considering power grid, infrastructure operators and crowdfunders to analyze the performance of crowdfunding in charging pile construction. The result shows that crowdfunding can increase charging piles construction amount by 70% and crowdfunding's promoting effect equals the effect of supplying 40% subsidy for construction fee. Thus crowdfunding is a simple but efficient way to boost the penetration of charging piles.
Place, publisher, year, edition, pages
2016. 336-341 p.
Energy Procedia, ISSN 1876-6102 ; 104
Electric vehicles (EV), Charging piles, Crowdfunding financing, Sequential game, subgame perfect equilibrium
IdentifiersURN: urn:nbn:se:mdh:diva-34764DOI: 10.1016/j.egypro.2016.12.057ISI: 000391447900056ScopusID: 2-s2.0-85013076885OAI: oai:DiVA.org:mdh-34764DiVA: diva2:1072715
Applied Energy Symposium and Summit - Low-Carbon Cities and Urban Energy Systems (CUE), JUN 13-15, 2016, Jinan Assoc Sci & Technol, Jinan, PEOPLES R CHINA