IDEAS home Printed from https://ideas.repec.org/a/eco/journ3/2024-05-16.html
   My bibliography  Save this article

Exploring the Green Energy: Factors Influencing Battery Electric Vehicles Adoption in Madhya Pradesh Region

Author

Listed:
  • Parul Asati

    (Amity University, Madhya Pradesh, India)

  • Sandeep Raghuwanshi

    (Amity University, Madhya Pradesh, India)

  • Anil Vashisht

    (Amity Business School, Amity University Madhya Pradesh, India)

  • Deepa Muley

    (Orchids The International School, Mangalia, Indore, India)

  • Vikas Kumar Khare

    (Amity University, Madhya Pradesh, India)

Abstract

Electric vehicles (EVs) are quickly becoming a viable alternative to vehicles powered by fossil fuels such as gasoline, diesel, and compressed natural gas (CNG), which has prompted customers to think about these vehicles as a means to alleviate the increasing environmental problems brought about by fuel depletion and greenhouse gas (GHG) emissions. The point of this article is to explore potential elements that effect consumers' intentions to adopt electric vehicles. To accomplish this, the author conducted in-depth interviews with a wide range of stakeholders, including suppliers, academics and consultants, BEV owners, prospective consumers, and government officials. A study is carried out in Madhya Pradesh with the aim of determining the elements that influence the decision to purchase electric automobiles. An innovation diffusion theory–based questionnaire was developed to elucidate both the consumer’s perspective and the factors impacting the widespread adoption of electric vehicles. Before purchasing an electric vehicle, consumers should weigh the advantages and disadvantages listed via multiple response analysis. The study's findings will shed light on customer preferences, which in turn will assist policymakers in India in developing policies that encourage the purchase and usage of electric vehicles.

Suggested Citation

  • Parul Asati & Sandeep Raghuwanshi & Anil Vashisht & Deepa Muley & Vikas Kumar Khare, 2024. "Exploring the Green Energy: Factors Influencing Battery Electric Vehicles Adoption in Madhya Pradesh Region," International Review of Management and Marketing, Econjournals, vol. 14(5), pages 151-157, September.
    • Handle: RePEc:eco:journ3:2024-05-16
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/irmm/article/download/16653/8182
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/irmm/article/view/16653
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Khatimah, Husnil & Susanto, Perengki & Nor Liza, Abdullah, 2019. "Hedonic Motivation and Social Influence on Behavioral Intention of E-Money: The Role of Payment Habit as a Mediator," International Journal of Entrepreneurship, Allied Business Academies, vol. 23(1), APRIL.
    2. Phasiri Manutworakit & Kasem Choocharukul, 2022. "Factors Influencing Battery Electric Vehicle Adoption in Thailand—Expanding the Unified Theory of Acceptance and Use of Technology’s Variables," Sustainability, MDPI, vol. 14(14), pages 1-16, July.
    3. Arif Hasan & Priyanka Sikarwar & Arun Mishra & Sandeep Raghuwanshi & Abhishek Singhal & Astha Joshi & Prashant Raj Singh & Abhilasha Dixit, 2024. "Determinants of Behavioral Intention to Use Digital Payment among Indian Youngsters," JRFM, MDPI, vol. 17(2), pages 1-20, February.
    4. Cui, Lixin & Wang, Yonggui & Chen, Weiming & Wen, Wen & Han, Myat Su, 2021. "Predicting determinants of consumers' purchase motivation for electric vehicles: An application of Maslow's hierarchy of needs model," Energy Policy, Elsevier, vol. 151(C).
    5. Sierzchula, William & Bakker, Sjoerd & Maat, Kees & van Wee, Bert, 2014. "The influence of financial incentives and other socio-economic factors on electric vehicle adoption," Energy Policy, Elsevier, vol. 68(C), pages 183-194.
    6. Langbroek, Joram H.M. & Franklin, Joel P. & Susilo, Yusak O., 2016. "The effect of policy incentives on electric vehicle adoption," Energy Policy, Elsevier, vol. 94(C), pages 94-103.
    7. Haider Ali Abbasi & Satirenjit Kaur Johl & Zullina Bt Hussain Shaari & Wajiha Moughal & Muhammad Mazhar & Muhammad Ali Musarat & Waqas Rafiq & Asaad Salam Farooqi & Alexey Borovkov, 2021. "Consumer Motivation by Using Unified Theory of Acceptance and Use of Technology towards Electric Vehicles," Sustainability, MDPI, vol. 13(21), pages 1-22, November.
    8. Indra Gunawan & Anak Agung Ngurah Perwira Redi & Ahmad Arif Santosa & Meilinda Fitriani Nur Maghfiroh & Andante Hadi Pandyaswargo & Adji Candra Kurniawan, 2022. "Determinants of Customer Intentions to Use Electric Vehicle in Indonesia: An Integrated Model Analysis," Sustainability, MDPI, vol. 14(4), pages 1-22, February.
    9. Axsen, Jonn & Orlebar, Caroline & Skippon, Stephen, 2013. "Social influence and consumer preference formation for pro-environmental technology: The case of a U.K. workplace electric-vehicle study," Ecological Economics, Elsevier, vol. 95(C), pages 96-107.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. La Nguyen Thuy Dung & Quoc Nghi Nguyen & Le Thi Dieu Hien, 2024. "Explaining the Energy-Saving Behavioral Intention of Workers in Industrial Zones," International Journal of Energy Economics and Policy, Econjournals, vol. 14(6), pages 80-87, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elena Higueras-Castillo & Vedant Singh & Virender Singh & Francisco Liébana-Cabanillas, 2024. "Factors affecting adoption intention of electric vehicle: a cross-cultural study," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 29293-29329, November.
    2. Ko, Sungmin & Shin, Jungwoo, 2023. "Projection of fuel cell electric vehicle demand reflecting the feedback effects between market conditions and market share affected by spatial factors," Energy Policy, Elsevier, vol. 173(C).
    3. María García de Blanes Sebastián & José Ramón Sarmiento Guede & Alberto Azuara Grande & David Juárez-Varón, 2024. "Analysis of factors influencing attitude and intention to use electric vehicles for a sustainable future," The Journal of Technology Transfer, Springer, vol. 49(4), pages 1347-1368, August.
    4. Higueras-Castillo, Elena & Kalinic, Zoran & Marinkovic, Veljko & Liébana-Cabanillas, Francisco J., 2020. "A mixed analysis of perceptions of electric and hybrid vehicles," Energy Policy, Elsevier, vol. 136(C).
    5. Gulnaz Ivanova & António Carrizo Moreira, 2023. "Antecedents of Electric Vehicle Purchase Intention from the Consumer’s Perspective: A Systematic Literature Review," Sustainability, MDPI, vol. 15(4), pages 1-27, February.
    6. Priessner, Alfons & Sposato, Robert & Hampl, Nina, 2018. "Predictors of electric vehicle adoption: An analysis of potential electric vehicle drivers in Austria," Energy Policy, Elsevier, vol. 122(C), pages 701-714.
    7. Tobias Buchmann & Patrick Wolf & Stefan Fidaschek, 2021. "Stimulating E-Mobility Diffusion in Germany (EMOSIM): An Agent-Based Simulation Approach," Energies, MDPI, vol. 14(3), pages 1-25, January.
    8. Tuğba Yeğin & Muhammad Ikram, 2022. "Analysis of Consumers’ Electric Vehicle Purchase Intentions: An Expansion of the Theory of Planned Behavior," Sustainability, MDPI, vol. 14(19), pages 1-27, September.
    9. Neaimeh, Myriam & Salisbury, Shawn D. & Hill, Graeme A. & Blythe, Philip T. & Scoffield, Don R. & Francfort, James E., 2017. "Analysing the usage and evidencing the importance of fast chargers for the adoption of battery electric vehicles," Energy Policy, Elsevier, vol. 108(C), pages 474-486.
    10. Brito, Thiago Luis Felipe & Islam, Towhidul & Stettler, Marc & Mouette, Dominique & Meade, Nigel & Moutinho dos Santos, Edmilson, 2019. "Transitions between technological generations of alternative fuel vehicles in Brazil," Energy Policy, Elsevier, vol. 134(C).
    11. Saiful Hasan & Terje Andreas Mathisen, 2020. "Policy measures for electric vehicle adoption. A review of evidence from Norway and China," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 0(1), pages 25-46.
    12. Shanjun Li & Xianglei Zhu & Yiding Ma & Fan Zhang & Hui Zhou, 2022. "The Role of Government in the Market for Electric Vehicles: Evidence from China," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 41(2), pages 450-485, March.
    13. Dai, Ziyi & Liu, Haobing & Rodgers, Michael O. & Guensler, Randall, 2022. "Electric vehicle market potential and associated energy and emissions reduction benefits," Applied Energy, Elsevier, vol. 322(C).
    14. Biresselioglu, Mehmet Efe & Demirbag Kaplan, Melike & Yilmaz, Barbara Katharina, 2018. "Electric mobility in Europe: A comprehensive review of motivators and barriers in decision making processes," Transportation Research Part A: Policy and Practice, Elsevier, vol. 109(C), pages 1-13.
    15. Schwab, Julia & Sölch, Christian & Zöttl, Gregor, 2022. "Electric Vehicle Cost in 2035: The impact of market penetration and charging strategies," Energy Economics, Elsevier, vol. 114(C).
    16. Makena Coffman & Paul Bernstein & Sherilyn Wee, 2017. "Electric vehicles revisited: a review of factors that affect adoption," Transport Reviews, Taylor & Francis Journals, vol. 37(1), pages 79-93, January.
    17. Goel, Pooja & Kumar, Aalok & Parayitam, Satyanarayana & Luthra, Sunil, 2023. "Understanding transport users' preferences for adopting electric vehicle based mobility for sustainable city: A moderated moderated-mediation model," Journal of Transport Geography, Elsevier, vol. 106(C).
    18. Li, Guodong & Walls, W.D. & Zheng, Xiaoli, 2023. "Differential license plate pricing and electric vehicle adoption in Shanghai, China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 172(C).
    19. Zhang, Junjie & Jia, Rongwen & Yang, Hangjun & Dong, Kangyin, 2022. "Does electric vehicle promotion in the public sector contribute to urban transport carbon emissions reduction?," Transport Policy, Elsevier, vol. 125(C), pages 151-163.
    20. Mengnan Li & Haiyi Ye & Xiawei Liao & Junping Ji & Xiaoming Ma, 2020. "How Shenzhen, China pioneered the widespread adoption of electric vehicles in a major city: Implications for global implementation," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 9(4), July.

    More about this item

    Keywords

    Electric Vehicle Adoption; Sustainability; Green Energy; Purchase Intention;
    All these keywords.

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ3:2024-05-16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.