Policy implications for promoting the adoption of electric vehicles: Do consumer’s knowledge, perceived risk and financial incentive policy matter?

Wang, Shanyong; Wang, Jing; Li, Jun; Wang, Jinpeng; Liang, Liang

doi:10.1016/j.tra.2018.08.014

Cited by 213 publications

(230 citation statements)

References 44 publications

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“…Hence, it is important for consumers to have knowledge of electric vehicles [45]. If consumers know more about electric vehicles, they will be more likely to purchase the product [46]. In addition, new product knowledge is related to perceived benefit [47] and perceived risk [48].…”

Section: New Product Knowledgementioning

confidence: 99%

The Influential Factors of Consumers’ Sustainable Consumption: A Case on Electric Vehicles in China

Yang

Jiang

2020

Sustainability

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As one of the internationally recognized solutions to environmental problems, electric vehicles feature zero direct emissions and can reduce dependence on petroleum. An increasing number of countries have attached importance to the electric vehicle and developed it, and it is predicted that it will become a main force in the transportation system. Hence, it is necessary to explore the factors that drive consumers to buy electric vehicles. This study analyzes the factors that influence the consumer’s intention to buy electric vehicles and tests the relationship between them, and intends to offer information for the formulation of policies designed to popularize electric vehicles in order to reduce carbon emissions from transportation. As a result, consumer attitudes are the most important factor influencing the intention to purchase electric vehicles. The greatest effect is found in this line: Brand Trust→Perceived Benefit→Attitude→Purchase Intention. This means that the brand can increase the consumer’s perceived benefit of electric vehicles, make consumers more attracted to electric vehicles, and influence their final purchase intention.

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Section: New Product Knowledgementioning

confidence: 99%

The Influential Factors of Consumers’ Sustainable Consumption: A Case on Electric Vehicles in China

Yang

Jiang

2020

Sustainability

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“…Therefore, the majority of previous studies have analyzed the stated preference of consumers through surveys, mainly for countries in which the EVs are relatively more deployed than others. For example, US [14,[23][24][25][26], China [8,16,27], Norway [28], Sweden [4,29], Netherlands [30], UK [31], Germany [17], and Spain [15] were studied and some of the research were conducted from a global perspective [18,32]. In the eco-car market, the consumer's "attitude-action gap" is significant [19,20], so the research based on the stated preferences have limitations in that they are often far from what is actually happening in the actual market [23,33].…”

Section: Literature Reviewmentioning

confidence: 99%

Key Drivers behind the Adoption of Electric Vehicle in Korea: An Analysis of the Revealed Preferences

Kim

Heo

2019

Sustainability

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Electrification of passenger cars is one of the most popular ways to decarbonize the transportation sector and to reduce local air pollutants. Many researches have tried to examine what will be the driving factors to achieve the widespread adoption of electric vehicles (EVs). In this study, we analyzed the factors for EV adoption with the data of revealed preference from 2013 to 2017 in Korea. Analyses showed that the driving range of EVs and financial incentives have a positive impact on EV deployment. Also, the driving range is found to be the most critical factor explaining the market growth of EVs. The results suggest that technical improvement increases the value of EVs and in turn raises the probability of consumers’ decision to purchase EVs. Financial incentive as well can encourage consumers to buy EVs, however, is not strong enough to create transitions from internal combustion engine vehicles (ICEVs) to EVs.

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“…23 Unfortunately, this fact could potentially increase reluctance towards the new propulsion technologies, especially fuel cell electric vehicles (FCEVs) and BEVs, as due to their novelty and car buyers' lack of familiarity they are potentially perceived as being more unsafe, unreliable, and risky (e.g. Orlov and Kallbekken et al, 2019;Wang et al, 2018;Krause et al, 2013;Egbue and Long, 2012;Lane and Potter, 2007).…”

Section: Discussion Of Resultsmentioning

confidence: 99%

Combined Vehicle Type and Fuel Type Choices of Private Households: An Empirical Analysis for Germany

Hackbarth

Madlener

2018

SSRN Journal

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This paper examines joint consumer purchasing decisions of vehicle type and fuel type based on a dataset from a Germany-wide survey among 1500 potential car buyers. The goal is to study the buyer segments that are considering to purchase the different types of vehicles and to identify the main determinants influencing the joint choice decision: socio-demographic and household characteristics, attitudes and preferences, as well as vehicle-related attributes. Based on a nested logit model, our results suggest that although German car buyers' are very heterogeneous regarding their preferences, several similarities are found between buyers of specific vehicle types (10 vehicle classes) and specific fuel types (gasoline, diesel, alternative fuel), e.g. smaller cars and alternative fuel vehicles (AFVs) have commonalities regarding individual's environmental awareness/behavior and fuel consumption/costs. Policy-makers, when tailoring their policies, can benefit from making use of the specific insights gained from this particularly comprehensive study, and the comparisons made with the German and international scientific literature on the topic. For instance, the similarities between buyers preferring specific fuel types and specific vehicle types can be used for tailorized measures to incentivize individuals' vehicle type shifting (e.g from larger to smaller vehicles), fuel type switching (e.g. from fossil-fuelled vehicles to AFVs), or both.

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Policy implications for promoting the adoption of electric vehicles: Do consumer’s knowledge, perceived risk and financial incentive policy matter?

Cited by 213 publications

References 44 publications

The Influential Factors of Consumers’ Sustainable Consumption: A Case on Electric Vehicles in China

The Influential Factors of Consumers’ Sustainable Consumption: A Case on Electric Vehicles in China

Key Drivers behind the Adoption of Electric Vehicle in Korea: An Analysis of the Revealed Preferences

Combined Vehicle Type and Fuel Type Choices of Private Households: An Empirical Analysis for Germany

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