Publication: Factors affecting the intention to buy electric vehicles: Empirical evidence from Thailand
Issued Date
2017-01-01
Resource Type
ISSN
17514096
17514088
17514088
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2-s2.0-85042551063
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Mahidol University
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SCOPUS
Bibliographic Citation
International Journal of Electric and Hybrid Vehicles. Vol.9, No.4 (2017), 361-381
Suggested Citation
Trin Thananusak, Sirisuhk Rakthin, Thiti Tavewatanaphan, Prattana Punnakitikashem Factors affecting the intention to buy electric vehicles: Empirical evidence from Thailand. International Journal of Electric and Hybrid Vehicles. Vol.9, No.4 (2017), 361-381. doi:10.1504/IJEHV.2017.089875 Retrieved from: https://repository.li.mahidol.ac.th/handle/20.500.14594/42518
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Title
Factors affecting the intention to buy electric vehicles: Empirical evidence from Thailand
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Abstract
Copyright © 2017 Inderscience Enterprises Ltd. This study used partial least squares structural equation modelling (PLS-SEM) to test the relationships between the five factors (financial factors, infrastructure, performance, environmental concern, and price-premium) and intention to buy electric vehicles (EVs) in Thailand. Our findings suggest that the Thai car buyers pay attention to the performance factor of EVs (e.g., driving range, speed, safety) whilst not being concerned much with the infrastructure (e.g., charging facilities) and the financial factors (purchase price, operation and maintenance costs, resale price) of EVs. Moreover, the individuals’ environmental concerns affect the decision to own EVs and Thai customers are willing to pay for a price-premium for EVs. However, price-premium factor could negatively moderate the relationship between the environmental concern and intention to buy EVs. That is, if the price-premium of EVs becomes too high, people with a pro-environmental ethos may be less likely to adopt EVs.