A STUDY ON PREDICTING ELECTRIC VEHICLE DEMAND IN CHENNAI

Abstract

The emerging pressure of the increased cost of fuel, the sustainability of the environment, and government policies have led to the growth of interest in electric vehicles (EVs) in India, in urban contexts. The city of Chennai is one of the biggest cities, which has a lot of potential in adopting EV. The proposed study will estimate the future demand of electric vehicles within Chennai and how feelings about fuel cost affect the desire by consumers to purchase the electric vehicles in relation to being aware of the charging infrastructure availability. Primary data was collected through a structured questionnaire with a five-point Likert scale used to question the respondents in Chennai. The SPSS was used to analyse the data through regression analysis, correlation, reliability analysis, and descriptive statistics. The results suggest that there is a strong positive relationship between the issue of fuel costs and knowledge of the existence of the charging infrastructure and the willingness to buy an electric car. These insights can be utilized by policy-makers, automakers and infrastructure developers to promote the use of electric vehicles in Chennai.