Consumer’s Perception of Electric Four-Wheeler Vehicles in Telugu States

Abstract

With the current depletion of fossil fuels and its price hike, there is a need for alternative energy resources to run the vehicle. The automobile sector is considering Electric Vehicles as a solution to the industry and environment in Telugu states. However, the current market consumption of EV is relatively low in spite of governments implementing EV policies. Through this paper potential scope of Electric vehicles in Telugu will be studied and Consumer perception for the same will be analysed. Objective: The main objective of this study is potential scope of Electric vehicles in Telugu states will be studied and Consumer perception for the same will be analysed. Design: Research study is target group oriented, online data collection through Google form. Methods and Material: Online survey was conducted (n=153)using a structured questionnaire with multiple-choice questions. Statistical analysis used: Descriptive statistics, data visualization through Ms-Excel, Chi-square test through python. Results: Responses of the survey have indicated that 83.66% of the respondents know about electric vehicles, 28.10% of the respondents reveal that electric vehicles will be more costly than vehicles that are available today in the market, 33.99% of respondents reveal that electric vehicles are not costly and the remaining respondents have no idea about this cost. 37.25% of respondents have a chance to own an electric vehicle based on the contemporary situation.