A Study on the Economic Benefits of E-Vehicle Usage in Kollankoil Village of Erode District

R. Manikandan; K. Sowmitha; R. Keerthi Kumar; M. Tamilarasi

doi:10.34293/economics.v14i1.9517

R. Manikandan Assistant Professor, Department of Economics, Bharathiar University, Coimbatore, Tamil Nadu, India https://orcid.org/0000-0001-7558-4790
K. Sowmitha Ph. D. Research Scholar, Department of Economics, Bharathiar University, Coimbatore, Tamil Nadu, India https://orcid.org/0009-0002-1459-3241
R. Keerthi Kumar Ph. D. Research Scholar, Department of Economics, Bharathiar University, Coimbatore, Tamil nadu, India https://orcid.org/0009-0008-5021-4097
M. Tamilarasi Ph. D. Research Scholar, Department of Economics, Bharathiar University, Coimbatore, Tamil Nadu, India https://orcid.org/0009-0008-4251-7119

DOI: https://doi.org/10.34293/economics.v14i1.9517

Keywords: Electric Vehicles, Environmental Benefit, Economic Benefit, Affordable Mobility

Abstract

Electric vehicles (EVs) are gaining attention as cleaner and more cost-effective alternatives to traditional petrol vehicles, especially in the face of rising fuel prices and environmental concerns. Developing and developed countries are focusing more on the adaptation of renewable sources such as EV and solar energy. Rural areas were the beginners in the adaptation of resources. The Kollankoil village of Erode district have been chosen for this study. This study aimed to determine the environmental benefits, satisfaction level,s and suggestions for improving the adaptation of EV. The primary data will be collected for this study and the snow ball sampling method will be used. The primary data was collected from 42 respondents in the Kollankoil village, Erode district. The collected data were analysed using basic statistical tools such as percentage, mean, and chi-square method. Result thus, the EV offers a notable environment benefit, many of the respondents were happy to use the E-Vehicles but many of them facing charging problem and other mechanical problems. The government should focus on subsidies, charging areas, and proper knowledge of using renewable energy.