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Vehicle Choice in an Aging Population: Some Insights from a Stated Preference Survey for California

Abstract:
This paper investigates the potential effects that an aging "baby boomer" generation will have on gasoline use through their vehicle choice decisions. The study uses stated preference data for both conventional and alternative fuel vehicles, and measures the impact of age of survey respondent on the perceived value of vehicle characteristics such as fuel economy, performance, and body style (e.g., car vs. truck). The results suggest the possibility that average fleet fuel economy may improve in the next few years, if survey preferences translate to actual purchase behavior. No clear implications can be drawn regarding the demand for alternative fuel vehicles.

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Energy Specializations: Energy Modeling – Energy Data, Modeling, and Policy Analysis

JEL Codes:
E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination

Keywords: Vehicle choice, gasoline demand, energy efficiency, aging population

DOI: 10.5547/ISSN0195-6574-EJ-Vol20-No3-5


Published in Volume20, Number 3 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.