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All Journal International Journal of Accounting & Finance in Asia Pasific Journal of International Conference Proceedings
Pandey, Dr. Rudresh
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Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

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EV Markets: A Comparative Analysis between India, Nigeria, and Indonesia Shree, Vandana; Edeh, Dr. Friday Ogbu; Sin, Dr. Liem Gai; Pandey, Dr. Rudresh; Tiwari, Swarn; Onukele, Amarachi; Gupta, Himanshu Kumar; K A, Farzan; Tiwari, Ganesh; Triana, Andra Aprillia Ayu; Alzahri, MHD. Daffa
International Journal of Accounting & Finance in Asia Pasific (IJAFAP) Vol 7, No 1 (2024): FEBRUARY EDITION INTERNATIONAL JOURNAL OF ACCOUNTING FINANCE IN ASIA PASIFIC
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijafap.v7i1.2899

Abstract

In this study, we present a nuanced comparative evaluation of the Electric Vehicle (EV) landscapes in India, Nigeria, and Indonesia — three emerging economies with divergent socio economic and infrastructural profiles. Our objective is to explain the multifaceted determinants underpinning EV adoption and growth within these nations. India, showcasing a more mature EV ecosystem, has witnessed accelerated growth propelled by encouraging governmental strategies, fiscal incentives, and an evolving charging framework. In contrast, Nigeria's embryonic EV sector grapples with infrastructural impediments and fiscal challenges. Indonesia has abundant natural resources, but demand for electric vehicles in Indonesia is still low so the infrastructure for vehicle charging stations is still in the development stage. Through an indepth scrutiny of consumer predilections, acquisition impediments, and state led initiatives, we delineate the idiosyncratic challenges and prospects inherent to each milieu. Our exploration further delves into the cultural, economic, and policy driven catalysts sculpting the EV milieu in these territories. The insights gleaned from this investigation serve as a pivotal reference for policymakers, industry aficionados, and financial proponents aiming to decode the intricate dynamics of the EV market within these variegated settings. Furthermore, the comparative paradigm employed augments the overarching comprehension of global EV assimilation patterns.
EV Markets: A Comparative Analysis between India & Nigeria Pandey, Dr. Rudresh; Vishnoi, Dr. Sushant Kumar; Tiwari, Swarn; Onukele, Amarachi; Gupta, Himanshu Kumar
Journal of International Conference Proceedings Vol 6, No 4 (2023): 2023 ICPM Tokyo Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i4.2577

Abstract

This study conducts a thorough comparative analysis of the Electric Vehicle (EV) markets in India and Nigeria, two emerging economies with distinct socio-economic and infrastructural profiles. The primary objective is to comprehensively understand the factors influencing EV adoption for the consumers in these nations. We meticulously examine consumer preferences, purchasing barriers, and government role, highlighting the unique challenges in each context. We delve into the economic and policy-driven influences on the EV landscape, emphasizing Economic Factors and Economic reforms for EV in both nations. We evaluate policy frameworks in the context of national development goals and environmental objectives, encompassing Government plans and financial perks. This study also emphasizing domestic economic growth potentials. The study employs a structured questionnaire distributed to 100 respondents, resulting in 60 valid responses. This questionnaire includes 19 items for the study which are taken under to analyze or examine on the basis of   Electric Vehicle (EV) Market of India and Nigeria.
Electric Vehicle (EV) Markets: A Comparative Analysis Between India, Nigeria, and Indonesia Shree, Vandana; Edeh, Dr. Friday Ogbu; Sin, Dr. Liem Gai; Pandey, Dr. Rudresh; Tiwari, Swarn; Onukele, Amarachi; Gupta, Himanshu Kumar; K A, Farzan; Tiwari, Ganesh; Triana, Andra Aprillia Ayu; Alzahri, MHD. Daffa
International Journal of Accounting and Finance in Asia Pasific (IJAFAP) Vol 7, No 1 (2024): February 2024
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijafap.v7i1.2899

Abstract

This study aims to provide a comparative analysis of the electric vehicle (EV) markets in India, Indonesia, and Nigeria. The analysis will encompass various aspects of the EV market, including government regulations, charging infrastructure, consumer behavior, and market penetration. The objective is to identify the primary drivers and impediments to EV adoption in these nations.  The research employed a mixed-method approach, utilizing both primary and secondary data collection methods. The analysis reveals that economic factors, particularly satisfaction with EVs, significantly impact adoption, with India exhibiting higher average satisfaction than Indonesia and Nigeria. A positive correlation between satisfaction ratings in India and Indonesia suggests commonalities in consumer preferences, although data limitations hinder conclusive insights. Notably, India's policy framework emerges as more conducive to EV adoption, with a statistically significant positive impact. The study implies that economic factors, especially satisfaction, contribute significantly to India's lead in EV adoption, highlighting the crucial role of the policy framework.
EV Markets: A Comparative Analysis between India & Nigeria Pandey, Dr. Rudresh; Vishnoi, Dr. Sushant Kumar; Tiwari, Swarn; Onukele, Amarachi; Gupta, Himanshu Kumar
Journal of International Conference Proceedings Vol 6, No 4 (2023): 2023 ICPM Tokyo Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i4.2577

Abstract

This study conducts a thorough comparative analysis of the Electric Vehicle (EV) markets in India and Nigeria, two emerging economies with distinct socio-economic and infrastructural profiles. The primary objective is to comprehensively understand the factors influencing EV adoption for the consumers in these nations. We meticulously examine consumer preferences, purchasing barriers, and government role, highlighting the unique challenges in each context. We delve into the economic and policy-driven influences on the EV landscape, emphasizing Economic Factors and Economic reforms for EV in both nations. We evaluate policy frameworks in the context of national development goals and environmental objectives, encompassing Government plans and financial perks. This study also emphasizing domestic economic growth potentials. The study employs a structured questionnaire distributed to 100 respondents, resulting in 60 valid responses. This questionnaire includes 19 items for the study which are taken under to analyze or examine on the basis of   Electric Vehicle (EV) Market of India and Nigeria.
Co-Authors Alzahri, MHD. Daffa Edeh, Dr. Friday Ogbu Gupta, Himanshu Kumar K A, Farzan Onukele, Amarachi Shree, Vandana Sin, Dr. Liem Gai Tiwari, Ganesh Tiwari, Swarn Triana, Andra Aprillia Ayu Vishnoi, Dr. Sushant Kumar