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Assessing the economic premium of electric vehicle charging points: a hedonic price analysis in Beijing, China

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Abstract

Electric vehicle charging points (EVCPs) are the foundation of the EV industry and are conducive to low-carbon transportation development. Research on EVCPs mainly focus on operation profits and layout, while no study assesses their economic premium. Aiming at providing a reference for the installation of EVCPs, this study employs a hedonic price model to evaluate the economic premium of CPs, based on apartment transactions and complex data on CPs in 2015 and 2016 in Beijing. The primary findings indicate the economic premium of CPs is significantly positive in both housing sale and rental markets. However, the impact of CPs on housing prices is heterogeneous in terms of complex floor area ratio and location. Specifically, the premium effect of CPs is more significant in larger complex and complex in the suburb. Following the above conclusions, we provide several policy pathways to promote the construction of CPs and their scientific location layout.

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Notes

  1. Data source website: http://www.beijing.gov.cn/fuwu/lqfw/ztzl/xytxms/11/202006/t20200610_1921186.html.

  2. Data source: http://zjw.beijing.gov.cn/bjjs/fwgl/wyglxx/wyglxx/391449/index.shtml and http://zjw.beijing.gov.cn/bjjs/xxgk/xwfb/317878/index.shtml.

  3. The CP data from the Commission was no longer updated after 2017.

  4. Beijing is a typical monocentric city. Although the scale of the city has been expanding in recent decades, the urban area within the 2nd ring road has historically been the central city, which is home to the majority of government offices, central business districts, and shopping plazas. Thus, the distance to the 2nd ring road can be viewed as the measure of distance to the downtown area.

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Funding

This work was supported by the National Natural Science Foundation of China (Grant numbers 71803192 and 71703166).

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Authors and Affiliations

  1. School of Economics and Management, China University of Petroleum Beijing, 18 Fuxue Rd, Changping, Beijing, 102249, China

    Li Gao & Yingdan Mei

  2. School of International Trade and Economics, University of International Business and Economics, 10 Huixin East Rd, Chaoyang, Beijing, 100029, China

    Congyu Zhao

Authors
  1. Li Gao
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  2. Congyu Zhao
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  3. Yingdan Mei
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Contributions

All authors contributed to the study conception and design. Material preparation, data collection, and analysis were performed by CZ. The first draft of the manuscript was written by LG and YM, and all authors commented on previous versions of the manuscript. All authors read and approved the final manuscript.

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Correspondence to Yingdan Mei.

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The authors declare no competing interests.

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Gao, L., Zhao, C. & Mei, Y. Assessing the economic premium of electric vehicle charging points: a hedonic price analysis in Beijing, China. Environ Sci Pollut Res 29, 84546–84561 (2022). https://doi.org/10.1007/s11356-022-21735-4

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