Study on the optimal subsidy policy for the development of methanol vehicle in China
Files
(Published version)
Date
2017
Authors
Li, C.
Yue, W.L.
Zou, X.
Editors
Advisors
Journal Title
Journal ISSN
Volume Title
Type:
Conference paper
Citation
Proceedings of the Eastern Asia Society for transportation studies, 2017, vol.11, iss.44, pp.1-13
Statement of Responsibility
Conference Name
Eastern Asia Society for Transportation Studies (18 Sep 2017 - 22 Sep 2017 : Ho Chi Minh City, Vietnam)
Abstract
Methanol as a fuel for vehicle is economy and environmental friendly, compared with gasoline. The development of methanol vehicle conforms to China's goal of achieving sustainable development as it would accelerate energy restructure by reducing the dependence on fossil fuels. However, the promotion of methanol vehicle in China is slow. While the governments in China have offered subsidy to electric vehicles, there is lack of financial incentive for other alternative fuels. Without an integrated subsidy system, manufacturers would be hardly involved. This paper introduces methanol as a fuel for vehicle and proposes an optimal subsidy model based on microeconomic theories. As subsidy policy may also be influenced by other criteria, the development of a logit model which includes the designed subsidy model would be a future research direction.
School/Discipline
Dissertation Note
Provenance
Description
Access Status
Rights
Copyright 2017 the authors