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Analysis of Factors Affecting Chinese Consumers’ Purchase of New Energy Electric Vehicles
- 1 Accounting institute, Beijing Wuzi University, Beijing, China, 100195
* Author to whom correspondence should be addressed.
Abstract
According to the public data of each country, the production and sales of electric vehicles have grown rapidly, especially after 2018. As for China, in 2014 the government polished some policies to let pure electric vehicles appear on the market as a commodity, and now China has the biggest potential market for electric vehicles. Therefore, this article aims to explore the causal factors that may influence the willingness of Chinese people to buy electric vehicles based on existing literature and data. Case comparison and analysis were chosen as the research methods. This study analyzed the sales data and prices of two chief electric car brands: Tesla and BYD, all around the world in 2021 and 2022. The results of the data analysis show that the factors influencing Chinese consumers to purchase new energy electric vehicles include basic factors such as price and sales. In addition, national policy support is also at play.
Keywords
China, electric vehicle, consumption, factors, case comparison
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Cite this article
Wang,L. (2023). Analysis of Factors Affecting Chinese Consumers’ Purchase of New Energy Electric Vehicles. Advances in Economics, Management and Political Sciences,5,13-18.
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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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