Civil and Environmental Engineering Commons^™

Factors Influencing Demand For Buses Powered By Alternative Energy Sources, Janer Galván, Victor Cantillo, Julian Arellana

Journal of Public Transportation

Transit buses consume high amounts of fossil fuels, with the consequent release of greenhouse gases into the atmosphere. In recent decades, much effort has been concentrated on the development of cleaner fuels to mitigate this externality. However, market shares for cleaner-fueled buses are still modest, which is why it is relevant to evaluate the aspects influencing their acceptance. This article presents an econometric model to evaluate factors influencing demand for transit buses in Colombia powered by cleaner fuels. For this purpose, a stated preference survey was applied to public transportation entrepreneurs. Results suggest that the target population considers acquisition cost …