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  • Thumbnail for THE DETERMINANTS THAT INFLUENCE THE PURCHASE INTENTIONS FOR ELECTRIC AND HYBRID VEHICLES
    THE DETERMINANTS THAT INFLUENCE THE PURCHASE INTENTIONS FOR ELECTRIC AND HYBRID VEHICLES by Lunghamer, Daniel Robert

    Using data from the U.S. Bureau of Labor Statistics, U.S. Bureau of Transportation Statistics, U.S. Department of Energy from 2013 and 2018, I use an OLS and binary probit regression transformed with marginal effects, to determine what factors influence consumers to purchase electric and hybrid vehicles. The results of the regressions indicate that few people are purchasing electric and hybrid vehicles. The research and results look at driver commute times and high-occupancy vehicle lane (HOV) access for electric and hybrid vehicle drivers, to see if daily driving patterns make an impact in the decision-making process. States that give HOV access to electric and hybrid vehicle drivers positively influences consumers to buy an electric or hybrid vehicle, while longer commute times sway people away from electric or hybrid vehicles. Further research needs to be done to find exactly how people make the choice to purchase these vehicles.