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Publication Detailed Description
Journal Title
Sustainability
Year (definitive publication)
2023
Language
English
Country
Switzerland
More Information
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Abstract
Business Models (BMs) are crucial for a successful market penetration and diffusion of sustainable innovations. Nonetheless, the consumer preferences knowledge for adopting electric vehicles (EVs) under Innovative BMs is low. Drawing on existing conceptualizations of BMs, this investigation studies consumers’ preferences for three innovative BMs (EV-Leasing; Battery-Leasing; B2C EV-Sharing) plus the traditional Total Purchase BM. This research aims to analyze the EV’s market growth as well as to understand the consumer’s preferences regarding the business models and understand how it can eliminate the barriers to EV’s purchase. During this study, it was applied an empirical study based on the quantitative method. Data was collected through Google Forms and spread via social media. Using survey data to conduct quantitative analysis, the findings show that most people have an interest in EVs but consider as a main barrier the high costs. Environmental benefits are the main motivation to buy one since these people are very concerned with the envi-ronment. Regarding the Innovative Business Models (IBMs), most people were not aware of their existence but believe that are fundamental for EV’s acquisition.
Acknowledgements
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Keywords
Electric vehicles,Business models,Innovative business models,Consumption behavior
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
Funding Reference | Funding Entity |
---|---|
UIDB/00315/2020 | Fundação para a Ciência e a Tecnologia |
UIDP/00315/2020 | Fundação para a Ciência e a Tecnologia |
Contributions to the Sustainable Development Goals of the United Nations
With the objective to increase the research activity directed towards the achievement of the United Nations 2030 Sustainable Development Goals, the possibility of associating scientific publications with the Sustainable Development Goals is now available in Ciência-IUL. These are the Sustainable Development Goals identified by the author(s) for this publication. For more detailed information on the Sustainable Development Goals, click here.