Factors that Impact Consumers’ Expenditure on Electric Vehicles: A Case Study from China

DOI

10.2991/aebmr.k.210917.060How to use a DOI?

Keywords

Consumers’ Expenditure, Electric Vehicles

Abstract

Development of electric vehicles is dynamic all around the world, and so does in China. This is because of the characteristics of electric vehicles, such as powered by green energy, no pollution in functioning, and more convenient in driving. However, the stock of electric vehicles is still relatively small, which is only about one percent of total vehicles in the world. Therefore, it is necessary to continue to stimulate the development of electric vehicles and improve their ownership. The purpose of this paper is to study the factors that will influence consumers’ expenditure on electric vehicles in China. This paper implies the model based on Theory of Planned Behavior, Technology Acceptance Model, and Innovation Diffusion Theory, and further develops the model by adding environmental impact as a new factor. The paper utilizes Cronbach alpha score and regression analyze to analyze and validate data. This study concludes that there are eight dimensions that impact consumers’ expenditure on electric vehicles in China: Consumer’s attitude towards electronic cars, consumer’s subjective norm on electronic cars, consumer’s self-control ability, consumer’s perceived usefulness of electronic cars, consumer’s perceived convenience of electronic cars, consumer’s adaptability on electronic cars, external information, and perceived environmental effect of electronic cars. The implication of this paper is to help firms and government understand what is required to improve the popularity of electric vehicles in consumers’ perspective and increase number of stocks of electric vehicles.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Chenxuan Zhou
AU  - Jialiang Yang
PY  - 2021
DA  - 2021/09/18
TI  - Factors that Impact Consumers’ Expenditure on Electric Vehicles: A Case Study from China
BT  - Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)
PB  - Atlantis Press
SP  - 384
EP  - 389
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210917.060
DO  - 10.2991/aebmr.k.210917.060
ID  - Zhou2021
ER  -