TY - JOUR
T1 - Developing Hydrogen Refueling Stations
T2 - An Evolutionary Game Approach and the Case of China
AU - Zhao, Tian
AU - Liu, Zhixin
AU - Jamasb, Tooraj
PY - 2022/11
Y1 - 2022/11
N2 - Diffusion of hydrogen refueling stations (HRS) is key for promotion of hydrogen vehicles. We explore the nexus between critical stakeholders in the HRS industry from a game perspective. We model the three main actors in the policy for the development of HRS in Chinese hydrogen pilot cities, i.e. the public sector, the private investor, and the consumer. The tripartite evolutionary game analyzes the interaction of subsidy provision, HRS investment, and fuel consumption. We examine the evolutionary stable strategy of the system and propose a policy mechanism for setting the values of key parameters to promote active cooperation in the HRS diffusion. The simulation validates the equilibrium solution of the game, performs sensitivity analyses of initial probabilities and key parameters, and obtains the threshold values of subsidy and hydrogen price triggering a cooperative behavior. Furthermore, we find that, while there are several ways to stimulate cooperation such as subsidy provision and cost reduction, boosting the initial probabilities of actors to choose cooperative strategies is most effective for leading the game system to the ideal outcome. Accordingly, we offer recommendations on how to improve the actors' initial willingness to cooperate by enhancing the formulation and enforcement of regulations.
AB - Diffusion of hydrogen refueling stations (HRS) is key for promotion of hydrogen vehicles. We explore the nexus between critical stakeholders in the HRS industry from a game perspective. We model the three main actors in the policy for the development of HRS in Chinese hydrogen pilot cities, i.e. the public sector, the private investor, and the consumer. The tripartite evolutionary game analyzes the interaction of subsidy provision, HRS investment, and fuel consumption. We examine the evolutionary stable strategy of the system and propose a policy mechanism for setting the values of key parameters to promote active cooperation in the HRS diffusion. The simulation validates the equilibrium solution of the game, performs sensitivity analyses of initial probabilities and key parameters, and obtains the threshold values of subsidy and hydrogen price triggering a cooperative behavior. Furthermore, we find that, while there are several ways to stimulate cooperation such as subsidy provision and cost reduction, boosting the initial probabilities of actors to choose cooperative strategies is most effective for leading the game system to the ideal outcome. Accordingly, we offer recommendations on how to improve the actors' initial willingness to cooperate by enhancing the formulation and enforcement of regulations.
KW - Hydrogen refueling stations
KW - Evolutionary game
KW - Numerical simulation
KW - Chinese hydrogen pilot cities
KW - Hydrogen refueling stations
KW - Evolutionary game
KW - Numerical simulation
KW - Chinese hydrogen pilot cities
U2 - 10.1016/j.eneco.2022.106390
DO - 10.1016/j.eneco.2022.106390
M3 - Journal article
SN - 0140-9883
VL - 115
JO - Energy Economics
JF - Energy Economics
M1 - 106390
ER -