18. Two-Wheeler Electric Vehicles Purchase Policy

The global crescent concern about climate change caused by automotive greenhouse gas emissions and the environmental destruction of natural resources is pushing world economies to adopt an innovative alternative fuel technology. Electric vehicles are being posed as a green and sustainable, innovative technology which has the potential to empower a streamlined transition to a low-carbon transportation system while preserving natural resources. Numerous nations have made extraordinary attempts to help the utilization of electric vehicles as of late; for instance, modern nations together with Norway and the Netherlands in Europe and the USA have strengthened individuals’ desire to utilize electric vehicles through appropriate appropriations and concealment of private vehicles. In Asia, Taiwan has been fostering the arrangement of supplanting fossil fuel-based traditional two-wheeler vehicles with two-wheeler electric vehicles (TWEVs) and reinforcing the approach by supplanting countless old TWEVs and sponsoring the acquisition of TWEVs. This study was conducted on college-going students, as they were the likely main category to purchase TWEVs. Their idea of natural manageability can be molded for developing vehicle use propensities. This study uses a survey form to investigate the factors influencing the purchase of traditional two-wheeler and factors that will prompt a college student to purchase a two-wheeler electric vehicle in the near future. Factor analysis is conducted on the Likert scale data obtained through a questionnaire survey to club the various variables into a few factors for more straightforward interpretation. This study used Statistical Package for the Social Sciences (SPSS) software to analyze factors. Later, a comparative assessment is carried out of the factors affecting the purchase intention of fossil fuel-based traditional two-wheeler and two-wheeler electric vehicles.