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ISSN : 2581-5148

Title:
RESEARCH ON FACTORS AFFECTING DEMAND FOR ELECTRIC BIKES IN VIETNAM

Authors:
Dr. Nguyen Thi Van Anh, Vu Tran Huy Hoang, Duong Thang Hung and Pham Nguyen Nhat Khang

Abstract:
The widespread change in means of fuel-consumption vehicles is creating traffic pressure in urban areas, leading to dire consequences for the area’s environment. Faced with this challenge, Vietnam has set the goal of controlling the emissions. Hence, using electric vehicles in general and electric bicycles in particular is becoming a sustainable and environmentally friendly consumption trend. With survey data collected, the survey analyzed factors affecting the demand for electric bikes in Vietnam in the green fuel era. Results from the analysis show that Price, Income, Price of related goods, and a number of factors about vehicle characteristics and demographics have high statistical significance, affecting people's decision to own electric bicycles. From there, businesses that produce, sell, and distribute electric bikes can refer to research results; they can make more precise production plans, business decisions, market strategies, and innovative product quality to meet the market demand.

Keywords:
Demand, electric bikes, E-Bikes, green energy, pollution.

DOI:
https://doi.org/10.37500/IJESSR.2023.6519

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