DIFFUSION OF TECHNOLOGIES: DELIVERING ON THE PROMISES OF BATTERY ELECTRIC VEHICLES

Abstract

BATTERY ELECTRIC VEHICLES (BEVS) ARE LIVING UP TO THEIR CLAIMS AS CONSUMERS CHOOSE THEM MORE FREQUENTLY. THE INCREASING DEMAND FOR SUSTAINABLE VEHICLES TRANSLATES INTO THE GLOBAL NEED FOR SPECIFIC COMPONENTS, MATERIALS, AND INFRASTRUCTURES AND DRIVES THE REGULATORY FRAMEWORKS IN EACH COUNTRY. WHILE BEVS OFFER ENVIRONMENTAL BENEFITS AND GLOBAL BUSINESS OPPORTUNITIES, THE TECHNOLOGY HAS NOT YET GAINED MAINSTREAM ACCEPTANCE. THUS, THIS WORK AIMS TO INVESTIGATE THE CHARACTERISTICS OF BEV USERS AND THEIR ROLE IN THE DIFFUSION OF PRODUCTS TO LARGER SEGMENTS, AS THIS MAY VARY FROM COUNTRY TO COUNTRY. FOR THIS PURPOSE, A SURVEY BASED ON THE UNIFIED THEORY OF ACCEPTANCE AND USE OF TECHNOLOGY 2 (UTAUT-2) (VENKATESH ET AL., 2012) FRAMEWORK AND STRUCTURAL EQUATION MODELING (SMARTPLS) WAS ADOPTED. THE RESULTS INDICATED THAT, EXCEPT FOR THE CONSTRUCTS OF EFFORT EXPECTANCY (EE) AND SOCIAL INFLUENCE (SI), THE PREDICTORS IN THE MODEL PERFORMED WELL IN THIS CONTEXT. CURRENT USERS ARE SATISFIED WITH THEIR VEHICLES AND ARE SUPPORTIVE OF BEVS IN THE FUTURE. THE ANALYSIS ALSO REVEALED THAT IN ADDITION TO THE AVAILABILITY OF FINANCIAL RESOURCES, EARLY ADOPTERS ARE ATTRACTED BY NEW TECHNOLOGIES IN A WAY THAT LEADS THEM TO MAKE DECISIONS OUTSIDE OF THE TRADITIONAL INFLUENCE OF THE OTHER MEMBERS OF SOCIETY. IT IS SUGGESTED TO LEVERAGE THE PERCEIVED BENEFITS OF STATUS, DIFFERENTIATION, OR UNIQUENESS MOTIVES, TO APPEAL TO THOSE SEEKING TO APPEAR TRENDY AND TECH-SAVVY IN SOCIETY. COMPANIES AND POLICYMAKERS SHOULD ACKNOWLEDGE THE PECULIARITIES OF EARLY CUSTOMERS IN THEIR COMMUNICATION STRATEGIES TO REACH A WIDER AUDIENCE AROUND THE GLOBE AND ENCOURAGE THE ADOPTION OF BEV TECHNOLOGY.