The global transportation sector is undergoing a major transformation associated with the transition to a low-carbon economy and the expanded use of alternative energy sources. In recent decades, the substitution of petroleum-based motor fuels with their substitutes – primarily biofuels and electric power (electric vehicles) – in light-duty road transport has accelerated. Public policy at the national, subnational, and local levels is the primary driver of the advanced supply of motor fuel substitutes. This monograph examines the transformation of the inter-fuel paradigm, the price elasticity of demand for road fuels, and the price competitiveness of products throughout their full life cycle. Particular attention is paid to identifying and analyzing the factors infl uencing consumer choice in favor of electric vehicles.

This book is intended for researchers and specialists, employees of the economics department of government agencies, and teachers and students in relevant fields.