Factors influencing intention to use hybrid electric vehicles in an oil-rich country: from vehicles market managers' perspective

Akram Elahi Gol, Hossein Rahmany Youshanlouei and Milan Å Ä asný
Authors registered in the RePEc Author Service: Milan Ščasný ()

International Journal of Sustainable Economy, 2024, vol. 16, issue 4, 430-451

Abstract: The widespread uptake of electric vehicles is believed to be essential to deal with extreme air pollution. However, the current market penetration of electric vehicles in developing countries is negligible. This study aims to evaluate the preferences of managers in the automotive industry in Iran to use hybrid electric vehicles (HEVs). We use the goal-directed behaviour model extended by environmental concerns, hedonic and symbolic values to examine the role of social-psychological factors in the intention to use HEV. Amongst the analysed social-psychological factors, desire is the strongest one to predict intention to use HEVs, whilst hedonic and symbolic values alongside environmental concerns amplify the effect of desire. Our results suggest that Iranian people who attach more symbolic value to the new technology will also have a stronger desire to use HEV since ownership and usage of such cutting-edge technology are associated with prestige and a luxury lifestyle.

Keywords: hybrid electric vehicles; HEVs; intention to use a low carbon technology; extended model of goal-directed behaviour; partial least square; PLS; automotive industry. (search for similar items in EconPapers)
Date: 2024
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