Willingness to pay and attitudinal preferences of Indian consumers for electric vehicles

Bansal, Prateek; Kumar, Rajeev Ranjan; Raj, Alok; Dubey, Subodh; Graham, Daniel J.

doi:10.1016/j.eneco.2021.105340

Cited by 72 publications

(21 citation statements)

References 91 publications

(118 reference statements)

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Section: Literature Reviewmentioning

confidence: 99%

“…In another context, [12] estimated the Indians' willingness to pay for EVs. Early in the research, [12] suspected that the preferences of Indians for EVs were dependent on their existing experiences with conventional vehicles. They, therefore, estimated a hybrid reference-dependent choice modeling technique rather than a standard utility maximization principle.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The advanced countries have leapfrogged the developing ones in the popularity of EVs on their roads and streets. Major factors that have contributed to the low diffusion of EVs include high purchase price [9,10], limitations of travel distance [12,13], insufficient charging stations [9,12], inadequate government incentives [3,14], and conservative orientation [11,15].…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

An Analysis of User Preferences of Value Attributes of Electric Vehicles in Underserved Communities

Olaleye¹,

Oluwoye²,

Rukmana³

et al. 2022

ujeee

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One of the creative innovations of the twenty-first century is the electric vehicle (EV). Unlike mainstream internal combustion cars, EVs do not rely on fossil fuel products (especially gasoline) to function. EVs are thus environmentally viable, bolstering the sustainability efforts of governments and institutions. However, the diffusion rate of EVs has been slow, notably in the United States. This study is therefore aimed at examining the role of value attributes of EVs in determining their embrace among residents of two underserved communities in the U.S. In the context of a survey design, a questionnaire was administered to obtain perceptions of the respondents, and data were analyzed using frequency counts, rank index, descriptive statistics as well as t-test technique. Findings reveal that safety, comfort, purchase price, and charging stations are areas of concern on the priority value attributes that the respondents expect a given EV to possess. We, therefore, conclude that car manufacturers, transportation planners, and metropolitan authorities should consider these attributes in their quest to make EVs popular among the general population.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

An Analysis of User Preferences of Value Attributes of Electric Vehicles in Underserved Communities

Olaleye¹,

Oluwoye²,

Rukmana³

et al. 2022

ujeee

View full text Add to dashboard Cite

show abstract

“…This has the potential to contribute to environment sustainability significantly. Bansal et al (2021) estimated Indian consumers' WTP for electric vehicles with improved attributes and concluded that WTP for fast charging feature to be $7-$104 depending upon average driving distance. Chindarkar et al (2021) studied residents in six Indian states, which are deprived of access to affordable energy and concluded that residents are willing to pay 15-20% higher price than the subsidized price for reliable LPG for cooking.…”

Section: Literature Reviewmentioning

confidence: 99%

Price estimation for Amazon Prime video in India

Sar

2022

J Revenue Pricing Manag

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There has been considerable changes in consumer sentiments toward over-the-top media services during COVID-19 Pandemic and after that. Following the changes in the consumer sentiments, marketers have repositioned there offerings aligning with the consumer willingness to pay. Accordingly, knowledge about consumers' willingness to pay has become vital for success of the media service firms. The purpose of the paper is to estimate the price of subscription to Amazon Prime Video in India in the emergent context by gaining insights into the consumers' willingness to pay. "Van Westendrop Price Sensitivity Model" was used to estimate the prices. The findings suggest an optimal price point of ₹1300/-per annum with a range of acceptable price between ₹1000/-and ₹1500 per annum. The estimated prices are consistent with prevailing prices.

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“…First, typical new vehicle consumers in low and middle-income countries have lower disposable incomes. As a result, they may be more responsive to price incentives and fuel cost savings of electric vehicles (Bansal et al 2021) while having a lower willingness to pay for the relatively more expensive electric cars, making incentives less effective. Second, these countries often have limited charging infrastructure, and electricity may be expensive and unreliable, which may reduce the demand for electric vehicles (Aznar et al 2021).…”

Section: Introductionmentioning

confidence: 99%

Welfare and Environmental Benefits of Electric Vehicle Tax Policies in Developing Countries: Evidence from Colombia

Callejas¹,

Linn²,

Steinbuks³

2022

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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Willingness to pay and attitudinal preferences of Indian consumers for electric vehicles

Cited by 72 publications

References 91 publications

An Analysis of User Preferences of Value Attributes of Electric Vehicles in Underserved Communities

An Analysis of User Preferences of Value Attributes of Electric Vehicles in Underserved Communities

Price estimation for Amazon Prime video in India

Welfare and Environmental Benefits of Electric Vehicle Tax Policies in Developing Countries: Evidence from Colombia

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