A Study on the Impact of Perceived Benefits on Customer Preference for Electric Vehicles

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Authors

  • Catherine Nirmala J
     Professor, Post Graduate Department of Business Administration, Alva’s Institute of Engineering and Technology, Mijar, Moodbidri, Dakshina Kannada, India ,IN
  • Joyan Dsouza
     Research Scholar, Department of Post Graduate Studies in Commerce, Davangere University, Tholahunase – 577002, Karnataka ,IN

DOI:

https://doi.org/10.18311/sdmimd/2023/33279

Keywords:

Customer Perception, EV Infrastructure, Perceived Benefits, Renewable Energy

Abstract

Indian roads are currently dominated by petrol and diesel cars and bikes with only one percent of the vehicles in India being Electric Vehicles (EVs). India is not self-sufficient and it imports crude oil from other countries, which is a huge burden on the country's balance of payments. India is making efforts to adapt to the EV trend and various automobile manufacturers are taking advantage of the situation by producing and marketing EV vehicles. However, the Indian customer’s mindset is not favourable for the promotion of EV’s. Hence, an attempt has been made to identify the various aspects that influence or prevent consumers from switching from carbon-fuelled vehicles to electric vehicles. The primary data collected through a well-structured questionnaire has been analysed using Percentage Analysis and Chi- Square analysis. The study found that awareness level is not a significant factor, although awareness was considered a major factor in consumers’ preference for buying electric vehicles in earlier literature. Statistically significant results indicate that changes in ‘fuel price’, ‘environmental consciousness’ and ‘same price as petrol/diesel’ significantly influence consumers’ buying preferences for an electric vehicle.

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Published

2023-03-23

How to Cite

Nirmala J, C., & Dsouza, J. (2023). A Study on the Impact of Perceived Benefits on Customer Preference for Electric Vehicles. SDMIMD Journal of Management, 14(Special Issue), 15–26. https://doi.org/10.18311/sdmimd/2023/33279

Issue

Volume 14, Special Issue, 2023

Section

Articles

License

Copyright (c) 2023 Catherine Nirmala J, Joyan Dsouza

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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