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The Determination of Willingness to Pay for Electrical Vehicles: A Literature Review

Author

Listed:
  • Unnati Tuladhar

    (Faculty of Environment Management, Prince of Songkla University, Songkhla 90110, Thailand,)

  • Nuttaya Yuangyai

    (Faculty of Environment Management, Prince of Songkla University, Songkhla 90110, Thailand,)

  • Theerakamol Pengsakul

    (Faculty of Environment Management, Prince of Songkla University, Songkhla 90110, Thailand,)

  • Saroj Gyawali

    (Sustainable Study Research Institute, Kathmandu 00977, Nepal.)

Abstract

With growing concerns about climate change and an unreliable fuel market, the world is shifting toward an electric-based transportation system, which requires a country to overhaul major infrastructures, establish highly funded research, change government regulations, and adapt available resources in order to transition from a gasoline-based transportation system to an electric one. The study is focused on consumers’ determination of willingness to pay for electrical vehicles. By examining consumers' intentions to buy or not buy electric vehicles, researchers are attempting to determine what factors are motivating them to do so which may be range factor, demographic factors, marketing, charging station, government policy. The review studies show the various factors for determination of willingness to pay for electric vehicle.

Suggested Citation

  • Unnati Tuladhar & Nuttaya Yuangyai & Theerakamol Pengsakul & Saroj Gyawali, 2023. "The Determination of Willingness to Pay for Electrical Vehicles: A Literature Review," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 425-431, September.
    • Handle: RePEc:eco:journ2:2023-05-47
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    References listed on IDEAS

    as
    1. Hidrue, Michael K. & Parsons, George R. & Kempton, Willett & Gardner, Meryl P., 2011. "Willingness to pay for electric vehicles and their attributes," Resource and Energy Economics, Elsevier, vol. 33(3), pages 686-705, September.
    2. Prateek Bansal & Rajeev Ranjan Kumar & Alok Raj & Subodh Dubey & Daniel J. Graham, 2021. "Willingness to Pay and Attitudinal Preferences of Indian Consumers for Electric Vehicles," Papers 2101.08008, arXiv.org, revised May 2021.
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    More about this item

    Keywords

    electric vechile; consumer's determination; willingness to pay; motivational factor;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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