Determinants of Automobile Demand and Implications for Hybrid-Electric Market Penetration
by Sruthi M Thatchenkery Abstract This paper investigates market receptivity to hybrid-electric vehicles by using cross-sectional data on vehicle registrations to estimate demand functions for the overall market, the hybrid market, and specialized vehicle segments. Each specification features intrinsic product attributes such as fuel efficiency and horsepower, while the hybrid specification also includes external influences […]
