IMPACT OF GASOLINE PRICES ON INTENTION TO SWITCH TO RENEWABLE ENERGY VEHICLES: EVIDENCE FROM A SURVEY OF VIETNAMESE STUDENTS

Le Thanh Bao Ngan, Nguyen Phuong Quynh, Tran Khanh Lynh

Tóm tắt

In this article, we conducted a study on the transition to green energy by determining whether the increase in oil and gas prices influences the choice of transportation means among students in Vietnam. This study utilized survey results from 520 university students in Ho Chi Minh City during the period from May to September 2022. The regression results indicate that the rise in fuel prices has prompted students to prioritize energy-efficient and environmentally friendly transportation options such as electric motorcycles, thereby promoting Vietnam's green transition. The findings of this study could be beneficial for policymakers and contribute to the repository of knowledge on green transition processes for developing countries. Furthermore, the study demonstrates that various determining factors such as family residence, gender, travel purposes, the ratio of travel expenses to total monthly expenditure, students' educational levels, and the current transportation means significantly impact the transition towards environmentally friendly transportation modes.

Citation this article (Le et al., 2024)

Le, T. B. N., Nguyen, P. Q., & Tran, K. L. (2024). IMPACT OF GASOLINE PRICES ON INTENTION TO SWITCH TO RENEWABLE ENERGY VEHICLES: EVIDENCE FROM A SURVEY OF VIETNAMESE STUDENTS. Hoa Sen University Journal of Science , 03, 1–13. https://vjol.info.vn/index.php/dhs/article/view/94028