A Study on the Factors Influencing Consumer Buying Behaviour towards Electric Vehicles among University Students in Anand City
DOI:
https://doi.org/10.18311/sdmimd/2024/33524Keywords:
Consumer Buying Behaviour, Electric Vehicles (EVs), Environment, TransportationAbstract
This study aims to investigate the different factors influencing consumer buying behaviour towards Electric Vehicles (EVs). The research was mainly based on primary data and selected populations as university students of Anand, Gujarat and also used secondary data sources to collect information regarding EVs. This study bridges the research gap and selects 225 respondents to the convenience sampling method. Frequency distribution, percentage, mean, standard deviation and various statistical methods such as the reliability test, KMO and Bartlett’s test, factor analysis, and non-parametric test were carried out. The result extracted six influencing factors for consumer buying behaviour towards EVs such as high maintenance, reliability, EV features, inflation, environment, and cost-benefit. The use of EVs by the majority of respondents confirms that there is a potential for future expansion. The present study helps customers/consumers know about purchasing EVs benefits and the EVs industry. It is believed that the findings make an important contribution to EV industries, policymakers, future researchers, and those who want to purchase EVs.
Downloads
Metrics
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Nilamben Johnbhai Parmar, Suresh P. Machhar
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
References
Aggarwal, S. (2022). E Vehicle site Droom sees EV demand going up 4x in 3 yrs. Economic Times. Gujarat, India.
Ali, I., & Naushad, M. (2022). A study to investigate what tempts consumers to adopt electric vehicles. World Electric Vehicle Journal, 13(2), 26. https://doi.org/10.3390/wevj13020026
Anjam, M., Khan, H., Ahmed, S., & Thalassinos, E. I. (2020). The antecedents of consumer eco-friendly vehicles purchase behavior in United Arab Emirates: The roles of perception, personality innovativeness and sustainability. International Journal of Economics and Management, 14(3), 343-363.
Bhalla, P., Ali, I. S., & Nazneen, A. (2018). A study of consumer perception and purchase intention of electric vehicles. European Journal of Scientific Research, 149(4), 362-368.
Bhattacharyya, S. S., & Thakre, S. (2020). Exploring the factors influencing electric vehicle adoption: An empirical investigation in the emerging economy context of India. Foresight. https://doi.org/10.1108/FS-04-2020-0037
Bureau, F. (2022, March 24). Financial Express. Retrieved from https://www.financialexpress.com
Burgess, M., King, N., Harris, M., & Lewis, E. (2013). Electric vehicle drivers’ reported interactions with the public: Driving stereotype change? Transportation Research Part F: Traffic Psychology and Behaviour, 17, 33-44. https://doi.org/10.1016/j.trf.2012.09.003
Chawla, U., Mohnot, R., Mishra, V., Singh, H. V., & Singh, A. K. (2023). Factors influencing customer preference and adoption of electric vehicles in India: A journey towards more sustainable transportation. Sustainability, 15, 7020. https://doi.org/10.3390/su15087020
Communalities - IBM. (n.d.).
Comrey, A. L., & Howard, B. L. (2013). A first course in factor analysis. Psychology Press. https://doi.org/10.4324/9781315827506
Dash, A. (2020). Determinants of EV adoption: A study on green behavior of consumers. Smart and Sustainable Built Environment. https://doi.org/10.1108/SASBE-02-2019-0015
Denyse, M., & Bhagat, D. (2018). Examining the role of intention and perceived behavioral control on purchase of ethical products in Rwanda. Indian Journal of Marketing, 48(5). https://doi.org/10.17010/ijom/2018/v48/i5/123442
Digalwar, A. K., Thomas, R. G., & Rastogi, A. (2021). Evaluation of factors for sustainable manufacturing of electric vehicles in India. Procedia CIRP, 98, 505-510. https://doi.org/10.1016/j.procir.2021.01.142
Egbue, O., & Long, S. (2012). Barriers to widespread adoption of electric vehicles: An analysis of consumer attitudes and perceptions. Energy Policy, 48, 717-729. https://doi.org/10.1016/j.enpol.2012.06.009
Electric vehicles sales. (2022, July 06).
ET Auto. (2023, May 11). Sales of electric vehicles across India in financial year 2023, by type (in 1,000s). Statista. Retrieved September 18, 2024, from https://www-statista-com-scpit.knimbus.com/statistics/1234761/india-electric-vehicle-sales-by-type/
Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(3), 382-388. https://doi.org/10.2307/3150980
Ghose, A., & Chandra, B. (2018). Consumption behavior towards green durable products: The moderating role of demographics. Indian Journal of Marketing, 48(6). https://doi.org/10.17010/ijom/2018/v48/i6/127834
Global EV outlook 2022 - Data product-IEA. (2022, July 06).
Hair, J., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate data analysis (7th ed.).
India Brand Equity Foundation. (2022, July 06). Electric vehicles market in India. India. Retrieved from https://www.ibef.org/blogs/electric-vehicles-market-in-india
Ju, N., Lee, K.-H., & Kim, S. H. (2021). Factors affecting consumer awareness and the purchase of eco-friendly vehicles: Textual analysis of Korean market. Sustainability, 13(10), 5566. https://doi.org/10.3390/su13105566
Juyal, S. A. (2013). Effect of demographic factors on consumer buying behavior of durable goods. Indian Journal of Marketing, 43(12), 24-33. https://doi.org/10.17010/ijom/2013/v43/i12/80511
Khandelwal, U., Bajpai, N., Tripathi, V., & Yadav, S. (2016). Intention to purchase hybrid cars in India: A study. Indian Journal of Marketing, 46(8). https://doi.org/10.17010/ijom/2016/v46/i8/99294
Kim, S., Choi, J., Yi, Y., & Kim, H. (2022). Analysis of influencing factors in purchasing electric vehicles using a structural equation model: Focused on Suwon City. Sustainability, 14(8), 1-17. https://doi.org/10.3390/su14084744
Krishnan, V. V., & Koshy, B. I. (2021). Evaluating the factors influencing purchase intention of electric vehicles in households owning conventional vehicles. Case Studies on Transport Policy, 9(3), 1122-1129. https://doi.org/10.1016/j.cstp.2021.05.013
Kumar, S. (2019). Consumer preference towards private label brands with reference to retail apparel in India. Indian Journal of Marketing, 49(7), 49-66. https://doi.org/10.17010/ijom/2019/v49/i7/145404
Lashari, Z. A., Ko, J., & Jang, J. (2021, June 15). Consumers’ Intention to Purchase Electric Vehicles: Influences of User Attitude and Perception. Sustainability, 13(12), 6778. https://doi.org/10.3390/su13126778
Machhar, S. P. (2016). An empirical study on the impact of self-help groups on women empowerment in selected rural areas of Dahod district. Indian Journal of Technical Education, 10-22.
Nargundkar, R. (2003, June 1). Marketing research-Text & cases 2E. Tata McGraw-Hill Education.
Navalagund, N., Mahantshetti, S., & Nulkar, G. (2020). Factors influencing purchase intention towards e-vehicles among the potential Indian consumers: A study on Karnataka region. Journal of the Social Sciences, 48(3), 1598-1616. https://doi.org/10.13140/RG.2.2.28103.11686
Nunnally, J. C., & Berstein, I. H. (1994). Psychometric theory. McGraw-Hill.
Pallant, J. (2001). SPSS survival manual: A step-by-step guide to data analysis using SPSS for Windows (version 10). Open University Press.
Rani, M. (2012). Women’s role in buying behaviour for durables: A study of Malwa region in Punjab. Indian Journal of Marketing, 42(12), 42-53.
Rani, S. (2010). Consumer behaviour in rural markets: A-B-C-D paradigm and its applications. Indian Journal of Marketing, 40(1).
Ranatunga, D., & Gunawardan, A. (2021). Empirical study assessing the factors that influence consumer purchase intentions for eco-friendly vehicles in the Colombo district of Sri Lanka. CINEC Academic Journal, 5(1), 62-84. https://doi.org/10.4038/caj.v5i1.75
Rao, A. S., & Sharma, R. K. (2008). Determinants of bank selection in Delhi: A factor analysis. Paradigm, 12(1), 57-63. https://doi.org/10.1177/0971890720080108
Rastogi, A., Thomas, R. G., & Digalwar, A. K. (2021). Identification and analysis of social factors responsible for adoption of electric vehicles in India. Current Science, 121(9), 1180-1187. https://doi.org/10.18520/cs/v121/i9/1180-1187
Sanguesa, J. A., Torres-Sanz, V., Garrido, P., Martinez, F. J., Marquez-Barja, J. M., & Fogue, M. (2021). A review on electric vehicles: Technologies and challenges. Smart Cities, 4(1), 372-404. https://doi.org/10.3390/smartcities4010022
Sovacool, B. K. (2009). The importance of comprehensive renewable electricity and energy-efficiency policy. Energy Policy, 37(4), 1529-1541. https://doi.org/10.1016/j.enpol.2008.12.016
Statista Market Insight. (2023, September 19).
Tara, K., Singh, S., & Kumar, R. (2015). Green marketing: The new strategic imperative by firms in India. Indian Journal of Marketing, 45(7). https://doi.org/10.17010/ijom/2015/v45/i7/79926
Varghese, A. T., Abhilash, V. S., & Pillai, S. V. (2021). A study on consumer perception and purchase intention of electric vehicles in India. Asian Journal of Economics, Finance and Management, 4(2), 13-25.
Veena, A., & D’Souza, D. (2017). Establishing the market potential of a rental model multipurpose electric vehicle (MPEV) for individuals with lower limb disabilities in India. Indian Journal of Marketing, 47(2). https://doi.org/10.17010/ijom/2017/v47/i2/110024
Verma, S., Kumar, R., & Yadav, S. K. (2018). Why do consumers buy counterfeit products? A case study of the Indian clothing industry. Indian Journal of Marketing, 48(7), 51-62. https://doi.org/10.17010/ijom/2018/v48/i7/129738
Xia, Z., Wu, D., & Zhang, L. (2022). Economic, functional, and social factors influencing electric vehicles’ adoption: An empirical study based on the diffusion of innovation theory. Sustainability, 14(10), 6283. https://doi.org/10.3390/su14106283