Electric Vehicle Market Simulation Test
Client Task: Quantify interest in electric vehicles (EVs) based on numerous combinations of input variables
Sustainability

NMI Approach:
- Measure current usage, and related product (i.e., hybrids) usage to establish baseline
- Develop and field a custom consumer conjoint test that measures interest in EVs based on:
- Purchase Price
- Government incentives
- Distance Traveled on a charge
- Other variables...
- Measure perceived barriers to EVs
- Inclusion of NMI's LOHAS segmentation model to allow for analysis by segment
- Multi-pronged analysis to:
- Quantify the potential penetration, over several years, of EVs with different levels and combinations of the variables
- Identify the optimal consumer target
- Compare market potential in different geographies
- NMI development of advanced statistical simulation model
- NMI recommendations for roll-out
Results: Entry into the marketplace