Chenayah, Santha and Devadason, Evelyn S. and Thye, Goh Lim (2024) INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS. Singapore Economic Review, 69 (04). pp. 1395-1414. ISSN 0217-5908, DOI https://doi.org/10.1142/S021759082445005X.
Full text not available from this repository.Abstract
The electric vehicles (EVs) market in Malaysia, though growing remains relatively small. Previous related studies on Malaysia focused mainly on consumer preferences and the country's readiness towards a higher adoption of environmentally friendly alternative vehicles. This study extends previous work to examine consumer preferences towards EVs through a market survey conducted in Klang Valley. Then follows a comparative economic and environmental cost-benefit analysis of EVs relative to conventional vehicles and hybrid vehicles to provide some understanding on the market diffusion of the former. The key findings from the survey suggest that pricing and the maintenance costs of EVs negatively influence the uptake of EVs despite the positive environmental attitudes of consumers. The cost-benefit analysis, in turn, implies that the EV transition will accelerate with rising petrol prices and falling battery costs. The study concludes with some implications for sustainability based on the adoption of EVs.
| Item Type: | Article |
|---|---|
| Funders: | Universiti Malaya Impact-Oriented Interdisciplinary Research Grant (IIRG) (IIRG007D-19IISS) |
| Uncontrolled Keywords: | Electric vehicle; hybrid vehicle; purchaser behavior; cost-benefit analysis; sustainability |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
| Divisions: | Faculty of Business and Economics |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 16 Jan 2025 01:30 |
| Last Modified: | 16 Jan 2025 01:30 |
| URI: | http://eprints.um.edu.my/id/eprint/46897 |
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