Key Factors Influencing Electric Vehicle Purchase Decisions by Consumers: An Empirical Study of Indian Consumers

Sharma, Vikas; Jangir, Kshitiz; Chowhan, Sudhinder Singh; Pathak, Nitin

doi:10.1007/978-981-19-8963-6_40

Cited by 6 publications

(2 citation statements)

References 44 publications

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“…When these factors were combined with social influence, they had a significant positive impact on use behavior. When analyzing the behavioral intention and use behavior of technology in finance, hedonic motivation, perceived risk, and performance expectancy are of great importance, as demonstrated in previous research (Farah et al 2018;Kaur and Arora 2021;Sharma et al 2023b).…”

Section: Scientific Implicationsmentioning

confidence: 94%

Does Previous Experience with the Unified Payments Interface (UPI) Affect the Usage of Central Bank Digital Currency (CBDC)?

Gupta

Taneja

Sharma

et al. 2023

JRFM

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In this study, we examined the influence of users’ experiences with the unified payments interface (UPI) system on the usage behavior of central bank digital currency (CBDC) in India. Our research developed a novel conceptual framework that investigated the relationships between technology, cognitive factors, and behavioral intentions towards CBDC use. The framework integrated UPI usage experience as a moderator within existing models of behavioral intentions and use behaviors. We collected data through a survey conducted in major Indian cities during the pilot launch of CBDC. By utilizing a partial least squares structural equation model (PLS-SEM), we analyzed the proposed model and the relationships between the constructs. Our findings revealed the significant impact of hedonic motivation and performance expectancy on users’ behavioral intentions towards CBDC. Social influence also played a significant role in CBDC usage. Furthermore, we identified that prior UPI usage negatively moderated the relationship between performance expectancy and behavioral intention, as well as the relationship between social influence and use behavior. However, prior UPI usage did not significantly moderate the relationships between perceived risk, hedonic motivation, behavioral intention, and use behavior. These findings contribute to our understanding of the factors influencing CBDC adoption and usage behavior in India.

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Section: Scientific Implicationsmentioning

confidence: 94%

Does Previous Experience with the Unified Payments Interface (UPI) Affect the Usage of Central Bank Digital Currency (CBDC)?

Gupta

Taneja

Sharma

et al. 2023

JRFM

Self Cite

View full text Add to dashboard Cite

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“…The aforementioned attitude is key to the adoption of electric vehicles (Wang et al, 2017). Sharma et al (2023) in their study of the key predictors of consumers' purchase of electric vehicles noted that positive attitudes toward electric vehicles like; simplicity and convenience, influenced the purchase of electric vehicles. Thus, the study hypothesizes that:…”

Section: Attitudes Towards Evs  Affective  Cognitivementioning

confidence: 99%

Attitude and Intention to Adopt Eco-cars in Uganda: The Moderating Effect of Culture Orientation

Ssekakubo,

Namukasa

2023

BMR

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Eco-cars have been promoted as a viable solution to global environmental concerns and energy crises. This motivated the study to focus on establishing the effect of the motorists’ attitudes and culture orientations on their intention to adopt Eco-cars. A total of 384 motorists from Kampala City were taken using a two-stage sampling design including stratification between public and private motorists and convenience sampling within the strata. Primary data was collected using a structured questionnaire that was both self and interviewer administered. Data were analysed using correlation and regression analyses. The study revealed that motorists with a positive attitude especially regarding environmental conservation, and the possibility of easy access to facilitating conditions, like charging stations and their performance, were more ready to adopt Eco-cars. The motorists possessing a collectivist culture were more likely to adopt Eco-cars. Furthermore, the influence on adopting Eco-cars because of the motorist’s attitudes was found to be stronger among those with a collectivistic culture. In essence, motorists who felt accountable for their country’s agenda of environmental conservation and believed that their actions mattered regarding the concerns of the majority, were most likely to adopt Eco-cars. As such, both public and private players in the motor industry need to send out messages focusing on the communal benefits of driving an eco-car

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Green Finance

Sharma,

Taneja,

Jangir

et al. 2023

Sustainable Investments in Green Finance

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Amidst rapid computerized progression, the universal economy faces three significant encounters: environmental variation, energy restraints, and financial crises. The pursuit of pecuniary progress often comes at the disbursement of environmental degradation. Green finance is a promising solution to strike a harmonious balance between the economy and nature. This chapter delves into a comprehensive exploration of existing literature on green finance while shedding light on the future potential of green finance in India. By promoting and investing in environmentally conscious projects, green finance is key to fostering sustainable development while addressing pressing ecological concerns. It is a beacon of hope, guiding the path toward a greener and more resilient global economy.

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Key Factors Influencing Electric Vehicle Purchase Decisions by Consumers: An Empirical Study of Indian Consumers

Cited by 6 publications

References 44 publications

Does Previous Experience with the Unified Payments Interface (UPI) Affect the Usage of Central Bank Digital Currency (CBDC)?

Does Previous Experience with the Unified Payments Interface (UPI) Affect the Usage of Central Bank Digital Currency (CBDC)?

Attitude and Intention to Adopt Eco-cars in Uganda: The Moderating Effect of Culture Orientation

Green Finance

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