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

Electric vehicles (EVs) have been regarded as one of the most promising green technologies to reduce carbon emissions and energy consumption from the transport sector. Understanding and exploring the factors that affect consumer’s intention to adopt EVs is important. The main purpose of this researc...

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Veröffentlicht in:Transportation research. Part A, Policy and practice Jg. 117; S. 58 - 69
Hauptverfasser: Wang, Shanyong, Wang, Jing, Li, Jun, Wang, Jinpeng, Liang, Liang
Format: Journal Article
Sprache:Englisch
Veröffentlicht: Elsevier Ltd 01.11.2018
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ISSN:0965-8564, 1879-2375
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Abstract Electric vehicles (EVs) have been regarded as one of the most promising green technologies to reduce carbon emissions and energy consumption from the transport sector. Understanding and exploring the factors that affect consumer’s intention to adopt EVs is important. The main purpose of this research is to analyze the effects of consumer’s knowledge about EVs, perceived risk, perceived usefulness and current financial incentive policies on consumer’s intention to adopt EVs using an extended technology acceptance model. The model is empirically tested using questionnaire survey data collected from 320 consumers in China. The results shown that consumer’s knowledge about EVs is positively and significantly related to perceived usefulness, attitude and intention to adopt EVs, but negatively and significantly related to perceived risk. Perceived risk negatively affects perceived usefulness, attitude and intention to adopt EVs. Meanwhile, perceived usefulness has a positive effect on adoption intention and attitude, and attitude is also positively related to the intention to adopt EVs. However, the results also indicate that the financial incentive policy has no significant effect on intention to adopt EVs. In addition, the results also find that consumers lacking of knowledge about EVs and perceiving high risk of EVs could be the psychological barriers to their acceptance of EVs. Based on the results, policy implications for increasing the adoption of EVs and suggestions for future research are discussed.
AbstractList Electric vehicles (EVs) have been regarded as one of the most promising green technologies to reduce carbon emissions and energy consumption from the transport sector. Understanding and exploring the factors that affect consumer’s intention to adopt EVs is important. The main purpose of this research is to analyze the effects of consumer’s knowledge about EVs, perceived risk, perceived usefulness and current financial incentive policies on consumer’s intention to adopt EVs using an extended technology acceptance model. The model is empirically tested using questionnaire survey data collected from 320 consumers in China. The results shown that consumer’s knowledge about EVs is positively and significantly related to perceived usefulness, attitude and intention to adopt EVs, but negatively and significantly related to perceived risk. Perceived risk negatively affects perceived usefulness, attitude and intention to adopt EVs. Meanwhile, perceived usefulness has a positive effect on adoption intention and attitude, and attitude is also positively related to the intention to adopt EVs. However, the results also indicate that the financial incentive policy has no significant effect on intention to adopt EVs. In addition, the results also find that consumers lacking of knowledge about EVs and perceiving high risk of EVs could be the psychological barriers to their acceptance of EVs. Based on the results, policy implications for increasing the adoption of EVs and suggestions for future research are discussed.
Author Li, Jun
Liang, Liang
Wang, Shanyong
Wang, Jinpeng
Wang, Jing
Author_xml – sequence: 1
  givenname: Shanyong
  surname: Wang
  fullname: Wang, Shanyong
– sequence: 2
  givenname: Jing
  surname: Wang
  fullname: Wang, Jing
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  givenname: Jun
  surname: Li
  fullname: Li, Jun
  email: laj2336@mail.ustc.edu.cn
– sequence: 4
  givenname: Jinpeng
  surname: Wang
  fullname: Wang, Jinpeng
– sequence: 5
  givenname: Liang
  surname: Liang
  fullname: Liang, Liang
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Keywords Perceived risk
Perceived usefulness
Adoption intention
Knowledge about EVs
Financial incentive policy
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Snippet Electric vehicles (EVs) have been regarded as one of the most promising green technologies to reduce carbon emissions and energy consumption from the transport...
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StartPage 58
SubjectTerms Adoption intention
Financial incentive policy
Knowledge about EVs
Perceived risk
Perceived usefulness
Title Policy implications for promoting the adoption of electric vehicles: Do consumer’s knowledge, perceived risk and financial incentive policy matter?
URI https://dx.doi.org/10.1016/j.tra.2018.08.014
Volume 117
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