Factors Affecting the Adoption of Electric Vehicles: Prospects and Challenges: With Special Reference to Maharashtra

Abstract

Environmental issues, emissions of greenhouse gases, depletion of fossil fuels and the rise in fuel prices have led to the evolution of a new mode of transportation. Electric vehicles (EVs) are being initiated to address ecological worries. However, many factors affect people's perceptions towards the purchase of EVs in India. This study aims to evaluate various aspects that impact the adoption of EVs and highlight the problems customers face. It emphasises evaluating EV adoption in Maharashtra. An exploratory and descriptive study was conducted to understand people's preferences towards EVs in India. The exploratory research identified factors affecting people's decision-making while purchasing vehicles. These factors were further evaluated to understand the most significant factors in purchasing EVs. People's preferences have changed over the years. However, the price of EVs is higher than their convenience; in Maharashtra, the infrastructure still needs to be developed to maintain such EVs. As it is the initial stage, people are waiting for further responses so that they can think of buying it.

Citation

Sharma, A. (2024), "Factors Affecting the Adoption of Electric Vehicles: Prospects and Challenges: With Special Reference to Maharashtra", Sharma, D., Abdullah, H. and Singh, P. (Ed.) Sustainable Tourism, Part A, Emerald Publishing Limited, Leeds, pp. 149-166. https://doi.org/10.1108/978-1-83797-979-020241009