Examination of the Factors Influencing Purchase Intentions for Electric Vehicles in BRIC Countries

Abstract

Contemporary world is rapidly changing and new technologies lead the progress in different spheres, and particularly in transportation. This paper aims to find and examine the factors that affect the purchase intention for electric vehicles in Brazil, Russia, India and China. BRIC countries were chosen as the most promising when taking about feasible willingness to adopt electric vehicles. A sample of 305 people from these countries was collected and statistically tested, identifying the factors which are significantly influencing the consumers’ intention to purchase an EV. This set of important factors differed from country to country.