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INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS

The electric vehicles (EVs) market in Malaysia, though growing remains relatively small. Previous related studies on Malaysia focused mainly on consumer preferences and the country's readiness towards a higher adoption of environmentally friendly alternative vehicles. This study extends previou...

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Main Authors: Chenayah, Santha, Devadason, Evelyn S., Thye, Goh Lim
Format: Article
Published: World Scientific Publishing 2024
Subjects:
HB Economic Theory
HC Economic History and Conditions
Online Access:http://eprints.um.edu.my/46897/
https://doi.org/10.1142/S021759082445005X
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spelling my.um.eprints.468972025-01-16T01:30:12Z http://eprints.um.edu.my/46897/ INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS Chenayah, Santha Devadason, Evelyn S. Thye, Goh Lim HB Economic Theory HC Economic History and Conditions The electric vehicles (EVs) market in Malaysia, though growing remains relatively small. Previous related studies on Malaysia focused mainly on consumer preferences and the country's readiness towards a higher adoption of environmentally friendly alternative vehicles. This study extends previous work to examine consumer preferences towards EVs through a market survey conducted in Klang Valley. Then follows a comparative economic and environmental cost-benefit analysis of EVs relative to conventional vehicles and hybrid vehicles to provide some understanding on the market diffusion of the former. The key findings from the survey suggest that pricing and the maintenance costs of EVs negatively influence the uptake of EVs despite the positive environmental attitudes of consumers. The cost-benefit analysis, in turn, implies that the EV transition will accelerate with rising petrol prices and falling battery costs. The study concludes with some implications for sustainability based on the adoption of EVs. World Scientific Publishing 2024-06 Article PeerReviewed Chenayah, Santha and Devadason, Evelyn S. and Thye, Goh Lim (2024) INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS. Singapore Economic Review, 69 (04). pp. 1395-1414. ISSN 0217-5908, DOI https://doi.org/10.1142/S021759082445005X <https://doi.org/10.1142/S021759082445005X>. https://doi.org/10.1142/S021759082445005X 10.1142/S021759082445005X
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HB Economic Theory
HC Economic History and Conditions
spellingShingle HB Economic Theory
HC Economic History and Conditions
Chenayah, Santha
Devadason, Evelyn S.
Thye, Goh Lim
INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS
description The electric vehicles (EVs) market in Malaysia, though growing remains relatively small. Previous related studies on Malaysia focused mainly on consumer preferences and the country's readiness towards a higher adoption of environmentally friendly alternative vehicles. This study extends previous work to examine consumer preferences towards EVs through a market survey conducted in Klang Valley. Then follows a comparative economic and environmental cost-benefit analysis of EVs relative to conventional vehicles and hybrid vehicles to provide some understanding on the market diffusion of the former. The key findings from the survey suggest that pricing and the maintenance costs of EVs negatively influence the uptake of EVs despite the positive environmental attitudes of consumers. The cost-benefit analysis, in turn, implies that the EV transition will accelerate with rising petrol prices and falling battery costs. The study concludes with some implications for sustainability based on the adoption of EVs.
format Article
author Chenayah, Santha
Devadason, Evelyn S.
Thye, Goh Lim
author_facet Chenayah, Santha
Devadason, Evelyn S.
Thye, Goh Lim
author_sort Chenayah, Santha
title INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS
title_short INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS
title_full INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS
title_fullStr INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS
title_full_unstemmed INVITED PAPER: ADOPTION OF ELECTRIC VEHICLES IN MALAYSIA - CONSUMER PREFERENCES AND COST-BENEFIT CONSIDERATIONS
title_sort invited paper: adoption of electric vehicles in malaysia - consumer preferences and cost-benefit considerations
publisher World Scientific Publishing
publishDate 2024
url http://eprints.um.edu.my/46897/
https://doi.org/10.1142/S021759082445005X
_version_ 1825160605987766272
score 13.239859

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