Compared to the existing fossil-fuel cars, Gasoline, diesel, hybrid electric vehicles need 4 hours for charging or Fuel type (gasoline + battery), 2 minutes of replacement time for the electric (battery) battery. Vehicle type SUV, Sedan Fuel cost Fuel cost is defined as the cost of 1 km of 50, 100, 200 (won/km) driving. Purchase price 2,500; 3,000; 3,500; The cost of buying a car. (10,000 won) 4,000 Accessibility of gasoline fueling stations is Accessibility of considered 100. The accessibility of stations 50, 80, 100 fueling station (%) for other fuel types is measured relative to this value. Smart options provided including wireless Smart car option Provided, not provided internet, speed control, automated parking, and so on. Smart Options (Used in the Second Set of Choice Experiments) Attributes Levels Details Option price 100, 300, 500 Price of smart car option (10,000 won) If smart devices can be connected to the vehicle, remote control of vehicle is possible Connectivity Possible, not possible via smart devices, and information about vehicle could be checked by smart devices, then connectivity is present. Voice command Possible, not possible Control vehicle by voice command. Lane keeping would control for lane Lane keeping Possible, not possible departure automatically. Wireless internet Provided, not provided 3G or 4G internet service provided. Smart car applications are similar to smart phone applications; they provide real-time application Provided, not provided information about parking, traffic conditions, and incidents. TABLE 3. MDCP Model of Vehicle Choice All Respondents – Baseline Preferences Variable t-value Gasoline (Base) - - Diesel -0.19 -5.27 Hybrid 0.01 0.33 Electric -0.21 -4.83
Fuel type Gasoline, diesel, hybrid (gasoline + battery), electric (battery) Compared to the existing fossil-fuel cars, electric vehicles need 4 hours for charging or 2 minutes of replacement time for the battery. Vehicle type SUV, Sedan Fuel cost (won/km) 50, 100, 200 Fuel cost is defined as the cost of 1 km of driving. Purchase price (10,000 won) 2,500; 3,000; 3,500; 4,000 The cost of buying a car. Accessibility of fueling station (%) 50, 80, 100 Accessibility of gasoline fueling stations is considered 100. The accessibility of stations for other fuel types is measured relative to this value. Smart car option Provided, not provided Smart options provided including wireless internet, speed control, automated parking, and so on. Smart Options (Used in the Second Set of Choice Experiments) Attributes Levels Details Option price (10,000 won) 100, 300, 500 Price of smart car option Connectivity Possible, not possible If smart devices can be connected to the vehicle, remote control of vehicle is possible via smart devices, and information about vehicle could be checked by smart devices, then connectivity is present. Voice command Possible, not possible Control vehicle by voice command. Lane keeping Possible, not possible Lane keeping would control for lane departure automatically. Wireless internet Provided, not provided 3G or 4G internet service provided. application Provided, not provided Smart car applications are similar to smart phone applications; they provide real-time information about parking, traffic conditions, and incidents. TABLE 3. MDCP Model of Vehicle Choice – All Respondents Baseline Preferences Variable t-value Gasoline (Base) - - Diesel -0.19 -5.27 Hybrid 0.01 0.33 Electric -0.21 -4.83
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