Economics of Electric Vehicle Adoption: An Integrated Framework for Investigating the Antecedents of Perceived Value and Purchase Intent

Due to political instabilities, limited non-renewable resources and international conflicts, the energy industry has been subject to high volatilities in the last few years. This had negative effects on many developing economies, namely those importing most of their energy needs from other countrie...

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Main Authors: Hatim Loudiyi, Youssef Chetioui, Hind Lebdaoui
Format: Article
Language:English
Published: EconJournals 2022-09-01
Series:International Journal of Economics and Financial Issues
Online Access:https://econjournals.com/index.php/ijefi/article/view/13328
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author Hatim Loudiyi
Youssef Chetioui
Hind Lebdaoui
author_facet Hatim Loudiyi
Youssef Chetioui
Hind Lebdaoui
author_sort Hatim Loudiyi
collection DOAJ
description Due to political instabilities, limited non-renewable resources and international conflicts, the energy industry has been subject to high volatilities in the last few years. This had negative effects on many developing economies, namely those importing most of their energy needs from other countries (i.e., Morocco). More recently, the high increases in energy prices have renewed interests and discussions related to the adoption of electric vehicles. The current study aims to examine Moroccan consumers’ perceptions and intentions to use electric cars (EV), an era marked by increasing cost of gasoline and other energy sources. Our study proposes an integrated model combining both contextual and technological factors that influence Moroccan consumer’s Perceived value and purchasing intention of electric vehicles. Data was collected using a self-administered questionnaire from 203 Moroccan respondents and the findings were analyzed using the partial least squares (PLS) technique. Our findings convey that Environmental responsibility and Policy incentives positively influence EV perceived value, while Environmental responsibility, Policy incentives, and perceived value positively influenced purchasing intention.
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spelling doaj.art-da27c23298fc4d06913a84661567043c2023-02-15T16:19:52ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382022-09-0112510.32479/ijefi.13328Economics of Electric Vehicle Adoption: An Integrated Framework for Investigating the Antecedents of Perceived Value and Purchase IntentHatim Loudiyi0Youssef Chetioui1Hind Lebdaoui2School of Business Administration, Al Akhawayn University in Ifrane, Morocco.School of Business Administration, Al Akhawayn University in Ifrane, Morocco.School of Business Administration, Al Akhawayn University in Ifrane, Morocco Due to political instabilities, limited non-renewable resources and international conflicts, the energy industry has been subject to high volatilities in the last few years. This had negative effects on many developing economies, namely those importing most of their energy needs from other countries (i.e., Morocco). More recently, the high increases in energy prices have renewed interests and discussions related to the adoption of electric vehicles. The current study aims to examine Moroccan consumers’ perceptions and intentions to use electric cars (EV), an era marked by increasing cost of gasoline and other energy sources. Our study proposes an integrated model combining both contextual and technological factors that influence Moroccan consumer’s Perceived value and purchasing intention of electric vehicles. Data was collected using a self-administered questionnaire from 203 Moroccan respondents and the findings were analyzed using the partial least squares (PLS) technique. Our findings convey that Environmental responsibility and Policy incentives positively influence EV perceived value, while Environmental responsibility, Policy incentives, and perceived value positively influenced purchasing intention. https://econjournals.com/index.php/ijefi/article/view/13328
spellingShingle Hatim Loudiyi
Youssef Chetioui
Hind Lebdaoui
Economics of Electric Vehicle Adoption: An Integrated Framework for Investigating the Antecedents of Perceived Value and Purchase Intent
International Journal of Economics and Financial Issues
title Economics of Electric Vehicle Adoption: An Integrated Framework for Investigating the Antecedents of Perceived Value and Purchase Intent
title_full Economics of Electric Vehicle Adoption: An Integrated Framework for Investigating the Antecedents of Perceived Value and Purchase Intent
title_fullStr Economics of Electric Vehicle Adoption: An Integrated Framework for Investigating the Antecedents of Perceived Value and Purchase Intent
title_full_unstemmed Economics of Electric Vehicle Adoption: An Integrated Framework for Investigating the Antecedents of Perceived Value and Purchase Intent
title_short Economics of Electric Vehicle Adoption: An Integrated Framework for Investigating the Antecedents of Perceived Value and Purchase Intent
title_sort economics of electric vehicle adoption an integrated framework for investigating the antecedents of perceived value and purchase intent
url https://econjournals.com/index.php/ijefi/article/view/13328
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AT youssefchetioui economicsofelectricvehicleadoptionanintegratedframeworkforinvestigatingtheantecedentsofperceivedvalueandpurchaseintent
AT hindlebdaoui economicsofelectricvehicleadoptionanintegratedframeworkforinvestigatingtheantecedentsofperceivedvalueandpurchaseintent