Exploring Determinants of Electric Vehicle Adoption in India a Regression-Based Analysis of Consumer Behavior

Abstract

Using regression analysis to explore the links between various factors and consumer behavior, this research aims to determine the variables that influence the adoption of electric vehicles in India. Understanding what factors influence customers' decisions is critical for the Indian government and the automobile industry as they strive to increase the proportion of electric vehicles by 2030. This study assesses eight critical factors: Government Policies and Incentives, Availability of Charging Infrastructure, Environmental Awareness, Cost Factors, Fear of Range, Social Factors, Technological Advancements, and Vehicle Desirability and Branding.

DOI: https://doi.org/10.52783/pst.1103