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Electric_Vechile_Market_Segmentation_Analysis

Electric Vehicle Market Segmentation in India

Market segmentation becomes a crucial tool for evolving transportation technology such as electric vehicles (EVs) in emerging markets to explore and implement for extensive adoption. EVs adoption is expected to grow phenomenally in near future as low emission and low operating cost vehicle, and thus, it drives a considerable amount of forthcoming academic research curiosity. The main aim of this study is to explore and identify distinct sets of potential buyer segments for EVs based on psychographic, behavioral, and socio-economic characterization by employing an integrated research framework of ‘perceived benefits-attitude-intention’

This study endeavoured to present EV taxonomy using an a-priori approach to categorize potential EV buyers into ub-segments of young and educated consumers and tested eticulously with a blended approach of multivariate and bivariate techniques

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