Range and Battery Depletion Concerns with Electric Vehicles

Table 3

Estimation results of the three EV purchase models.

	Model  1	Model  2	Model  3
Constant
Capacity
ln(price) (1000 yen)
ln(time for charging) (hours)
Vehicle range-related variables
ln(vehicle range) (100 km)
ln(vehicle range/desired vehicle range) (100 km)^†
ln(1 − probability of battery depletion)^†
Interaction with the possibility of charging at home (dummy)
Charging station deployment rate
Gas stations
Expressway rest areas
Maximum saved operation cost with an EV (yen/month)^†
Constant (second answer)
Standard deviation of the error term (second answer)
Correlation coefficient
Number of samples
Log-likelihood only with constant
Final log-likelihood
Rho-squared value
Adjusted rho-squared value

< 0.1, < 0.05, and < 0.01. ^†Variable calculated by using the probabilistic distribution of a household’s daily travel distance.