FACTORS INFLUENCING CUSTOMER CHOICE OF ELECTRIC VEHICLES IN THE WORLD

Abstract

As the world faces environmental problems electric vehicles are being developed as an effective solution to problems such a lack of fossil fuel issues and carbon dioxide emissions. Traditional transportation system has significantly increased environmental pollution. According to the International Energy Agency today vehicles consume around 60 million barrels of oil a day which is almost 70% of total production. Private vehicles consume around 36 million barrels per day which leads to 14 million tons of carbon dioxide (Sang and Bekhet, 2015). Therefore, replacing traditional vehicles with energy vehicles might be considered as a perspective solution (Tu and Yang 2019). Taking into account the importance of taking actions many authorities implemented positive policies to reduce environmental issues. Encouraging citizens to drive electric vehicles is being introduced in many countries.