Factors Influencing the Choice of Electric Vehicles in Nepal

Abstract

This study examines the factors influencing the choice of electric vehicles in Nepal. Choice of electric vehicles is the dependent variable. The independent variables are consumer behavior, peer influences, charging availability, financial attributes and environmental sustainability. The primary source of data is used to assess the opinions of the respondents regarding the factors influencing the choice of electric vehicles in Nepal. The study is based on primary data of 152 respondents. To achieve the purpose of the study, structured questionnaire is prepared. The correlation coefficients and regression models are estimated to test the different factors influencing the choice of electric vehicles in Nepal. The result shows that consumer behavior is positively correlated to choice of electric vehicles. It means that positive consumer behavior leads to increase in choice of electric vehicles. Similarly, there is a positive relationship between financial attributes and choice of electric vehicles. It means that better financial attributes leads to increase in choice of electric vehicles. Likewise, peer influences has a positive relationship with choice of electric vehicles. It shows that positive peer influences leads to increase in choice of electric vehicles. Furthermore, there is a positive relationship between charging availability and choice of electric vehicles. It indicates that increase in charging availability leads to increase in choice of electric vehicles. Moreover, environmental sustainability has a positive relationship with choice of electric vehicles. It indicates that high environmental sustainability leads to increase in choice of electric vehicles.