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Consumer behavior towards new energy vehicles: Developing a theoretical framework.

Nitish Nigam1, Sibananda Senapati1, Debabrata Samanta1

  • 1Chandragupt Institute of Management Patna, Patna - 800001, Bihar, India.

Journal of Environmental Management
|October 4, 2024
PubMed
Summary
This summary is machine-generated.

New energy vehicles (NEVs) are crucial for net-zero emissions. Consumer adoption is driven by price, charging infrastructure, environmental attitudes, and government policies, according to a comprehensive literature review.

Keywords:
Climate changeConsumer behaviorNet-zero targetsNew energy vehicleSystematic literature reviewTechnological innovation

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Area of Science:

  • Sustainable Transportation
  • Consumer Behavior Studies
  • Environmental Policy

Background:

  • New energy vehicles (NEVs) are vital for achieving net-zero emission targets due to their low carbon footprint.
  • The global NEV market has experienced substantial growth, with China, the US, and Europe as leading markets.
  • Understanding consumer behavior is critical for accelerating NEV adoption and meeting climate goals.

Purpose of the Study:

  • To systematically review and critically analyze existing literature on consumer behavior related to NEV adoption.
  • To identify current research trends, settings, theoretical perspectives, and key influencing factors.
  • To propose an integrated theoretical framework for understanding NEV consumer behavior.

Main Methods:

  • Systematic literature review of NEV consumer adoption studies.
  • Critical analysis of existing theories and research findings.
  • Categorization of influencing factors into economic, policy, psychological, infrastructural/technological, and demographic domains.

Main Results:

  • Key factors influencing NEV adoption include purchasing price, availability of charging infrastructure, consumer environmental attitudes, and government policies.
  • Economic, policy, psychological, infrastructural/technological, and demographic factors significantly shape consumer decisions.
  • The study identified distinct research trends and theoretical perspectives in the field.

Conclusions:

  • Purchasing price, charging infrastructure, environmental consciousness, and supportive government policies are decisive for NEV adoption.
  • An integrated theoretical framework is proposed to holistically understand NEV consumer behavior.
  • Managerial and policy implications are outlined to facilitate the transition to NEVs and achieve net-zero emissions.