1. Introduction
Electric vehicles are improving the environment and modern people’s lives, with various appearances and functions. Modern people’s definition of cars is also constantly changing. For example, the electric car released by China’s Xiaomi in 2024—a case in which a company that manufactures electronic products successfully transitioned into the automotive industry—has attracted global attention. With people’s increasing awareness of environmental protection, electric vehicles, as mobile tools that can reduce pollution and effectively save nonrenewable energy, have gradually become a new development trend in the automobile industry [
1].
According to Statista, a global statistical data and market research platform, global sales of new electric vehicles increased significantly by 55.1% in 2022, with sales exceeding 10.25 million units [
2]. Expected trends show that EU countries will push for the implementation of CO
2 emission standards and steadily move toward zero-emission vehicle regulations. This indicates that the development trend of electric vehicles will continue. In other words, more consumers will use electric vehicles in the future, and various demands have been generated for them. In order to meet these consumer needs, electric vehicles with various high-tech technologies and unique shapes have emerged.
In other words, in order to satisfy consumers, the demand for electric vehicles with unique styling, environmental protection symbolism, and advanced technology continues to grow [
3,
4]. In the future, when the electric vehicle market reaches the saturation stage, product design will become the only competitive advantage of each automobile manufacturer [
5].
Therefore, it is of great significance to study consumers’ demand and consumption cognition for electric vehicles. However, to date, most of the research on electric vehicles has been about battery and charging technology [
6], consumer characteristics [
7], supervisory norms with respect to electric vehicles, perceived behavior [
8], perception and adoption of new technologies and other studies; that is, research on electric vehicle product design is currently limited to technology or consumer attitudes.
In response to these limitations, some recent studies have tried to explore the appearance of electric vehicles from a design perspective [
9,
10,
11,
12]. However, research on electric vehicles is still limited to appearance styling or the future trends of electric vehicle styling; there has been no analysis of the relationship between consumer cognition and willingness to buy. In addition, in terms of research methods, research using the technology acceptance model has also been attempted [
13], but there are limitations in expanding or improving existing research. Based on these research deficiencies, this study starts from the product design dimensions (i.e., aesthetics, function, and symbolism) in electric vehicle purchase intention, establishes an empirical analysis model, and analyzes the variables that affect electric vehicle purchase intentions. To this end, we develop an extended technology acceptance model (TAM) to explain the relationship between product design and technology acceptance based on new technologies, and to provide prediction results for electric vehicles through the identified predictors and estimation results. Development provides implications, and in terms of measurement, the impact of environmental awareness is added along with product design and cognitive acceptance in order to apply the extended model.
Finally, when studying the willingness to purchase electric vehicles (EVs), it is important to choose Chinese and Korean consumers as comparison objects. The Chinese market is growing rapidly, with strong policy support and subsidies, and local brands such as BYD and Xiaopeng are actively promoting market development. Although the Korean market is relatively small, the government is also actively promoting the popularization of EVs, and brands such as Hyundai and Kia have performed well in the global market. Comparing these two markets can reveal the impact of different policy environments on consumer purchase intentions, as well as reflecting differences in culture, economic level, and consumer behavior. In addition, the development of charging infrastructure, market size, and the influence of local brands are different in the two countries. Studying these differences can provide in-depth understanding of the complexity of the EV market, along with valuable insights for relevant policymakers and companies.
For companies, cross-cultural surveys can help them to better understand the needs and preferences of different cultural markets, so as to develop more effective marketing strategies and product designs. Cross-cultural differences in design tastes are common. Cultural background is one of the important determinants of consumers’ perceptions of product design [
14]. In order to explore consumers’ purchase intentions and provide a basis for the differentiation strategies of enterprises, this study uses Chinese and Korean consumers as samples, explores the impact of product design dimensions on the purchase intentions of consumers in the two countries, and analyzes the differences in their purchase intentions for electric vehicles. Such research helps electric vehicle manufacturers in various countries to understand the characteristics of consumers in various countries, and it can also serve as a reference for other studies in the future.
2. Literature Review
2.1. Concept of Product Design
As one of the four Ps of marketing (product, price, place, and promotion), the importance of product design was proven long ago (e.g., Bloch,1995 [
14]; Davis,(1989) [
15]). Nussbaum’s research (1988) [
16] shows that when consumers can choose between two products with the same price and function, they will buy the product that they think is more attractive. Han (2021) [
17] believes that product design trends should be understood from the perspective of social trends, consumer lifestyles, and work. The elements of product design are defined differently depending on the purpose of the research. For example, Kellaris (1993) [
18] and Bloch, P.H (1995) [
14] divide product design into elements such as shape, proportion, rhythm, proportion, material, color, reflectivity, decorativeness, and texture based on the consumer’s product image; and in Sascha Mahlke’s research (2007) [
19], the user experience research was conducted by combining aesthetics, symbolism, and emotional user response with a user interaction experience method. Lee (2017) [
20] studied consumers’ purchase intentions through form (appearance) and feature design. Srinivasan et al. (2012) [
21] proposed a customer-based product design framework based on customer experience design—the total product design concept (TPDC), which they defined as three elements of a product—function, aesthetics, and meaning—in order to understand the role and impact of the product.
However, the existing research has shortcomings in several respects. First, most studies have only focused on a specific field or design element, lacking a comprehensive perspective. Second, the mechanism of how product design specifically affects consumers’ willingness to buy is still unclear. To make up for these shortcomings, Homburg et al. (2015) [
22] and others have developed and validated a new scale to measure product design from three dimensions: aesthetics, function, and symbolism. In addition, they also studied the impact of these design dimensions on purchase intention, word of mouth, and willingness to pay. In summary, this study finally adopted the product design dimensions of aesthetics, function, and symbolism, as described by Homburg et al. (2015) [
22], as measurement variables for our research.
2.2. Technology Acceptance Model
The technology acceptance model (TAM) is based on the model proposed by Davis (1989) [
15]. It is a modified and developed model based on the causal relationship between attitude and intention to use, as proposed by Ajzen and Fishbein (1980) [
23]—the theory of rational action (TRA).
Davis (1989) [
15] pointed out through research that the “perceived usefulness (PU)” and “perceived ease of use (PEU)” of a particular technology affect the acceptance of new technologies. PU refers to the individual’s belief that using a particular technology will improve their performance, while PEU refers to the individual’s belief that using a particular technology is trouble-free. By studying the impact of a particular technology (external variable) on PU and PEU, one can understand the individual’s acceptance of new technologies.
Later scholars established an extended TAM based on this model by adding external variables and other factors. For example, Venkatesh and Davis (2000) [
24] added relevant external variables such as social influence and cognitive process to the TAM and proposed TAM2. Venkatesh and Bala (2008) [
25] further refined perceived ease of use and perceived usefulness on the basis of TAM2, explored how intervention measures affect these factors, and proposed a more comprehensive model for user acceptance and use of technology: TAM3.
Subsequent studies introduced factors such as social influence and perceived risk when expanding the TAM. For example, Wang et al. (2013) [
26] applied the TAM to study the influencing factors of new-energy vehicle purchase intentions; Hu et al. (2015) [
27] combined the TAM with the perceived risk theory to study the willingness to purchase new-energy vehicles; Yin et al. (2019) [
1] combined the TAM and perceived risk theory to analyze the impact of consumers’ personality traits on their willingness to purchase new-energy vehicles when facing uncertainty. These studies verify that environmental awareness is an important variable affecting the acceptance of EVs.
In addition, Wang (2018) [
28] explored the relationships between variables based on PEU, PU, and attitudes toward the intention to use electric motorcycles; Yuan et al. (2018) [
29] confirmed through the TAM and rational behavior theory that users’ environmental awareness (EA) has a significant positive impact on their attitude and willingness to use shared cars; Zhang (2022) [
30] used the TAM as a theoretical framework based on variables such as PU and PEU, introduced extended variables such as social influence and environmental awareness, and established a willingness analysis model for the Mobility as a Service (MaaS) platform; He et al. (2018) [
31] also showed that personality types such as personal innovation and environmental concern directly affect the willingness to purchase electric vehicles. Therefore, these previous studies can confirm that EA is an important variable in consumer acceptance of EVs.
However, the TAM also faces some challenges. First, the TAM focuses on the initial acceptance of technology’s use, but there is less research on long-term usage intentions. Second, the model rarely considers the impact of social, cultural, and emotional factors on technology’s acceptance.
2.3. Electric Vehicles (EVs)
Electric vehicles (EVs) can be divided into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), fuel cell electric vehicles (FCEVs), hybrid electric vehicles (HEVs), etc., according to the driving system (see
Figure 1) [
12,
13,
32,
33,
34,
35].
Battery electric vehicle (BEV): Refers to a car that uses electricity to drive the motor and does not use any fuel, such as gasoline. The battery provides electricity to drive the motor, which drives the vehicle. A BEV is a vehicle that only needs a battery to drive the electric motor, and it requires fewer parts than an internal combustion engine vehicle (e.g., Tesla Model S; Nissan Leaf; Audi Bolt EV; BYD tang EV).
Plug-in hybrid electric vehicle (PHEV): A vehicle that can be charged and run on gasoline. The battery capacity is larger than that of ordinary hybrid vehicles. A PHEV is usually driven by electricity, but when the battery is exhausted, it switches to a conventional internal combustion engine (e.g., Toyota Prius Prime; Chevrolet Volt; Mitsubishi Outlander PHEV; Hyundai oniq Plug-in Hybrid).
Fuel cell electric vehicle (FCEV): Uses environmentally friendly energy such as methanol and hydrogen to generate electricity, and relies on the converted electricity to drive the car, so it does not pollute the environment. However, the power system is driven by the chemical combination of hydrogen in the vehicle tank and oxygen in the air to generate electricity—not batteries (e.g., Toyota Mirai; Honda Clarity Fuel Cell; BMW i Hydrogen NEXT; Mercedes-Benz GLC F-CELL).
Hybrid electric vehicle (HEV): Does not support external charging. An HEV is a vehicle that combines an internal combustion engine and an electric motor, using an electric motor or a generator to run. It is equipped with two or more energy storage systems and energy conversion to allow the car to charge the electric motor while driving, and it rotates the transmission at the same time to make the gasoline engine and electric motor work (e.g., Toyota Prius; Honda Accord Hybrid).
2.4. Willingness to Buy (WTB)
Willingness to buy (WTB) refers to an individual’s thoughts or plans for a specific action—that is, the consumer’s intention to purchase a certain product [
36]. Excellent design can differentiate products by creating and conveying value to customers, thereby improving customers’ acquisition and retention of products [
37,
38].
Song et al. (2018) [
7] studied the WTB and satisfaction of early adopters of electric vehicles based on satisfaction and anxiety about mileage, subjective knowledge, and important attributes. Lieven et al. (2011) [
39] weighed personal priorities with social preferences and determined the WTB of individuals who were considered to be potential EV buyers through empirical research on German consumers. Kim et al. (2019) [
40] studied the WTB of Chinese consumers for EVs based on the theory of planned behavior. Based on the above,
Table 1 (Ashraf et al., 2020) [
41] was compiled.
Although existing studies have shown that the electric vehicle market continues to grow, the research and market are still not fully mature. There are currently few studies on consumer perceptions of electric vehicles, and there have not been many cases that studied the appearance design of electric vehicles in detail. Therefore, this study aims to explore the relationship between product design and consumer perceptions, in order to fill this research gap.
Through reviewing and analyzing the existing literature, this study explores the impact of product design on electric vehicle purchase intentions from a multi-dimensional perspective in order to make up for the shortcomings of existing research.
3. Conceptual Framework and Hypotheses
3.1. The Impact of Product Design on Technical Models and Environmental Awareness
3.1.1. The Impact of Aesthetics (Aes) on Technical Models and Environmental Awareness
Veryzer Jr, R. W. (1993) [
42] believes that the aes response refers to a person’s reaction to an object (e.g., based on their perception of the object). Aes is sometimes more important than technical features and is important in ensuring the success of a new product. Kotlw and Raih(1984) [
43] also believe that good design can be transformed into high-quality product perceptions, bringing greater market share and higher profits. The connection between aes and technology acceptance is very important because aes design directly affects users’ experience and acceptance. Elegant and intuitive interfaces not only improve perceived ease of use and make users feel that the operation is simple, they also enhance perceived usefulness and increase trust in the technology’s function. In addition, aesthetic design can stimulate positive emotional responses, increasing users’ satisfaction with the technology and long-term willingness to use it. An attractive visual and interactive design can also strengthen the brand image, further affecting users’ acceptance of the technology. Therefore, aes not only affects the appearance of technology but also profoundly affects users’ acceptance and use of technology, which merits further exploration in technology acceptance research [
44,
45].
Therefore, based on the above theoretical background, this study makes the following assumptions:
Hypothesis 1. The higher the aesthetics dimension of product design, the greater the impact on PEU, PU, and EA.
H1-1. The aes dimension of product design has a significant positive impact on the PEU of EVs.
H1-2. The aes dimension of product design has a significant positive impact on the PU of EVs.
H1-3. The aes dimension of product design has a significant positive impact on the EA of EVs.
3.1.2. The Impact of Function (Func) on Technical Models and Environmental Awareness
Functional design of products, in terms of practicality and functionality, involves product performance, reliability, and whether the product meets the basic needs of users. Fu et al. (2008) [
46] proved through research on the functional requirements and intrinsic quality of automobiles that automobile technology plays a key role in automobile styling design. Chakrabarti and Bligh (2001) [
47] believe that an ideal functional reasoning environment should have the following characteristics: able to support a variety of design tasks, whether routine or innovative; able to handle designs at any level of detail; and able to provide support between designs at different levels of detail. The functions of EVs have attracted much attention from researchers and users in the EV design process. Lv et al. (2014) [
48] and Agarwal and Prasad (1998) [
49] pointed out that the novelty of technology will affect practicality and ease of use, thereby affecting usage intention.
In addition, Agawal and Karhanna (2000) [
50] showed that cognitive absorption significantly affects individuals’ PU and PEU with respect to information technology, thereby affecting their intention to use it. Therefore, an individual’s perceived technological innovativeness can be explained by cognitive absorption. Based on the discussion of these previous studies, this study proposes the following hypotheses on the role of func dimensions of product design in EV acceptance:
Hypothesis 2. The higher the function (func) dimension of product design, the greater the impact on PEU, PU, and EA.
H2-1. The func dimension of product design has a significant positive impact on the PEU of EVs.
H2-2. The func dimension of product design has a significant positive impact on the PU of EVs.
H2-3. The func dimension of product design has a significant positive impact on the EA of EVs.
3.1.3. The Impact of Symbolism (Sym) on Technical Models and Environmental Awareness
Symbolism (sym) refers to the symbolic meaning and cultural value of a product; it involves how products express the user’s identity, status, and personal taste [
42,
51,
52,
53,
54].
Xing (2022) [
55] in order to promote the spread of Macao culture and the development of the tourist souvenir industry, took the symbolic meaning of cultural symbols as the starting point and explored effective methods for the design of Macao tourist souvenirs; Zhang et al. (2001) [
56] pointed out that this is related to functional indicator symbols. Compared with packaging, the design and recognition of symbols on packaging are more complex. However, the connotative meaning conveyed by a symbol is usually broader and deeper than the denotative meaning of the symbol. Belk et al. (1989) [
57] and Verganti (2008) [
58] believe that sym is as important as func because consumers have a strong desire for meaning. In fact, sym can become the basis for consumers to experience personal value. Based on the above research, this study proposes the following hypotheses:
Hypothesis 3. The higher the symbolism (sym) dimension of product design, the greater the impact on PEU, PU, and EA.
H3-1. The sym dimension of product design has a significant positive impact on the PEU of EVs.
H3-2. The sym dimension of product design has a significant positive impact on the PU of EVs.
H3-3. The sym dimension of product design has a significant positive impact on the EA of EVs.
3.2. The Impact of the Technology Acceptance Model and Environmental Awareness on Willingness to Buy (WTB)
The technology acceptance model (TAM) has been widely used by many scholars at home and abroad to study the use of innovative technologies from different perspectives. The model proposes using PU and PEU as the main indicators for measuring technology acceptance behavior. PU refers to the individual’s belief that using a specific application system can improve their work performance—i.e., users feel that using this innovative technology can bring convenience to their work or life—while PEU refers to the individual’s belief that it is relatively easy to use or master a system or innovative technology [
20].
The study of Jamal and Sharifuddin (2015) [
59] shows that PU can positively promote the willingness to purchase products. Chitra (2007) [
60] pointed out that consumers’ EA has become an important factor affecting their willingness to pay. The stronger the consumer’s EA, the higher the price that they are willing to pay for environmentally friendly products. Li (2001) [
61] believes that efforts should be made to cultivate people’s EA, so that they can clearly understand the interdependence between humanity and nature and humanity and the environment, and consciously pay attention to and actively participate in environmental protection. He et al. (2015) [
62] demonstrated that consumers’ PU and PEU with respect to innovative technologies of new-energy vehicles can significantly and positively affect their willingness to purchase such vehicles [
1].
Based on these previous studies, we believe that PU, ease of use, and EA affect the WTB for EVs. Therefore, this paper proposes the following hypotheses and verifies them through empirical analysis:
Hypothesis 4. The higher the PU, PEU, and EA, the greater the impact on the WTB.
H4-1. PEU has a significant positive impact on the WTB for EVs.
H4-2. PU has a significant positive impact on the WTB for EVs.
H4-3. EA has a significant positive impact on the WTB for EVs.
3.3. Measurement Model
As mentioned above, this study is based on the extended TAM. The scale of the TAM is affected by multiple factors. Model complexity increases with the increase in the number of variables. More variables (such as user characteristics and environmental factors) will make the model larger, thereby increasing the amount of calculation and the analytical complexity. The size of the dataset is also critical. Large-scale datasets require more complex models to capture subtle differences, while simultaneously posing computing and storage challenges. Variable selection is equally important. Adding more external variables (such as social influences and personal characteristics) will make the model more complex, thereby affecting the effectiveness and efficiency of the model.
For the external variables, we selected Aes, Func, and Sym as product design variables, with PU, PEU, and EA as mediators and WTB as the dependent variable, to study EVs. In measuring perceived acceptance, this study not only included the influence of usefulness and ease of use on WTB, but also EA, because as people’s awareness of environmental protection increases, it becomes necessary to confirm the difference between EA and perception in WTB. This study established the following research model by reviewing previous studies (see
Figure 2).
Based on the above assumptions, the expanded TAM model was established and used to analyze the purchase intentions of Chinese and Korean consumers toward EVs.
4. Research Methodology
Measures
The questionnaire survey of this study is designed to be divided into five parts. The first part is the demographic statistics (seven questions); in addition to the basic gender, age, and education level, it also includes the four user types classified by Lee (2017) [
37] in the identification characteristics of the attractiveness of car appearance design (A: car enthusiasts, B: users who value car sym, C: users who value car functions, and D: users who are not interested in cars), in order to confirm the potential awareness of most consumers about cars. The second part measures the participants’ attitudes toward the aes (four questions; question codes Q1, Q2, Q3, and Q4), func (three questions; Q5, Q6, and Q7), and sym (four questions; Q8, Q9, Q10, and Q11) of EV design. The questions are adapted from the works of Bloch, P. H. (1995) [
14], Srinivasan et al., 2012 [
21], Homburg et al., 2015 [
22] and Gilal et al., 2018 [
44]. The third part measures the participants’ PEU (three; Q12, Q13, and Q14) and PU (three questions; Q15, Q16, and Q17) of EVs. The questions are adapted from the works of Davis [
15,
24,
63,
64,
65] and Venkatesh et al. [
24,
25,
64]. The fourth part measures the participants’ attitudes toward EA (five questions; Q18, Q19, Q20, Q21, and Q22); the items are adapted from the works of Van et al. (2023) [
66], Carley et al. (2013) [
67], and Bunce et al. (2014) [
68]. The fifth part measures the participants’ willingness to purchase EVs (three questions; Q23, Q24, and Q25); the items are adapted from the works of Agarwal et al. (2000) [
50], Zhang et al. (2011) [
69], Park et al. (2020) [
70], and Patara and Monroe (2008) [
71] (see
Table 2).
The second to fifth parts of the scale are measured by 7-point Likert scales, from high to low: 7 points = strongly agree; 6 points = somewhat agree; 5 points = agree; 4 points = neutral; 3 points = somewhat disagree; 2 points = disagree; 1 point = strongly disagree. After the scale design was completed, it was first reviewed by relevant experts and scholars, and then appropriately modified. Then, in order to distribute the questionnaire to Chinese and Korean consumers at the same time, the English questionnaire was translated.
Finally, in order to ensure measurement invariance, the final questionnaire was translated in two stages. First, all items of the questionnaire were translated from English to Chinese by two Chinese professors who were fluent in English, and from English to Korean by two Korean professors who were fluent in English. In the second stage, according to the double translation procedure, five other independent professional translators conducted back-translation checks on the Chinese and Korean questionnaires. After comparing the original English version and the translated versions of the questionnaire, and adding some minor changes to the Chinese version, the Chinese and Korean questionnaires were finalized.
To determine the validity of the questionnaire, a small-scale pre-survey was conducted in a group chat on a Korean software platform (KakaoTalk version 10.8) 42 people, with ages ranging from 20 to 65). The questionnaire was revised for the second time based on the survey results, and the final version of the questionnaire was determined. Before the final questionnaire data were collected, all participants, including Chinese and Korean consumers, were informed of the purpose of the study, the benefits and risks of participating in the study, and how their data would be used. All tests were conducted after obtaining the consent of the participants, and the questionnaires were completed anonymously and voluntarily.
Although the overall population bases of China and South Korea are very different, the representativeness of the samples can be ensured through appropriate sample selection and analysis methods. If the sample sizes from China and South Korea are more than 400 each, they may still be statistically valid. The key is to ensure the representativeness of the samples in terms of key characteristics such as gender, age, and income. Stratified sampling and weighted adjustment methods can be used to reflect the overall characteristics, and the representativeness of the samples can be confirmed through validation data and sensitivity analysis. Appropriate sample selection, weighted adjustment, and data verification can improve the reliability and validity of the research results.
5. Study
5.1. Chinese Consumers
5.1.1. Chinese Participants and Measures
This study used convenience sampling and conducted an online survey using the Chinese market research company “wjx.cn” from 11 April 2024 to 27 June 2024; wjx.cn (
https://www.wjx.cn/, accessed from 11 April 2024 to 27 June 2024) is a popular online survey platform in China. Since its launch in 2006, users have published more than 274 million questionnaires and collected more than 21.307 billion questionnaires. The platform has maintained an annual growth rate of more than 100% and a market share of more than 60%. This study used the company to collect data from men and women aged 20 to over 60 in China in order to understand the WTB for electric vehicles. A total of 497 people were sent online surveys, of which 468 people’s responses (excluding questionnaires with repeated answers or too short an answer time) were used for the final analysis. In terms of demographic characteristics of the survey subjects in the questionnaire collection for Chinese consumers, there were 257 males, accounting for 55%, and 211 females, accounting for 45%. In terms of age, 94 people (20%) were in their 20s, 174 people (37%) were in their 30s, and 109 people were in their 40s (23%); 14% (27 people) of the participants were over 50 years old, and 8% were over 60 years old. In terms of education level, the majority of the respondents were college graduates, accounting for 66% (307 people). In terms of the lifestyle of Chinese consumers, the proportions of respondents who thought that cars could show their social status and those who were interested in cars were similar, accounting for 127 and 125 people, respectively. In China, the majority of respondents owned electric cars, accounting for 239 people (51%), and the number of respondents who owned fuel cars was 156 (33%). For details, see
Table 3.
5.1.2. Analysis of Results
Reliability and Validity Test
This study first used SPSS27.0 for reliability and validity testing. When performing the KMO (Kaiser–Meyer–Olkin) test and Bartlett’s test of sphericity, the KMO value was 0.902 (greater than 0.7), and Bartlett’s test showed that the significance of sphericity was 0.000. The Cronbach’s α test results of variables such as aes (measurement items AD1~AD4), func (measurement items FD1~FD3), sym (measurement items SD1~SD4), PEU (measurement items PEU1~PEU3), PU (measurement items PU1~PU3), and EA (measurement items EA1~EA5), and WTB (measurement items WTB1~WTB3) also showed that the Cronbach’s α of each dimension of the questionnaire was greater than 0.7 [
72]. At the same time, the CITC values of the questionnaires were all higher than 0.5, indicating that the correlation between the scales is good and suitable for further analysis (for details, see
Table 4).
Next, the data were extracted for principal components to obtain the initial eigenvalue, variance contribution rate, cumulative variance contribution rate, etc. The results are shown in
Table 5. According to the extraction principle that the eigenvalue is greater than 1, seven factors were extracted; the cumulative variance contribution rate was 74.12%, and the commonality corresponding to each item was above 0.5, indicating that the seven factors extracted from 25 questions (component numbers 1, 2, 3, 4, 5, …, 25) provide a relatively ideal explanation for the original data.
Finally, the Kaiser standardized maximum variance rotation method was used to rotate the factor loadings, and the results are shown in
Table 6 (aes (measurement items AD1~AD4), func (measurement items FD1~FD3), sym (measurement items SD1~SD4), PEU (measurement items PEU1~PEU3), PU (measurement items PU1~PU3), EA (measurement items EA1~EA5), and WTB (measurement items WTB1~WTB3)). The loadings of each item on the corresponding factor are all over 0.5; color and bold are used in the table, so there is reason to believe that the scale of this study has good structural validity.
In summary, the questionnaire used in this study has good validity and is suitable for further analysis.
In order to verify the validity of the questionnaire, confirmatory factor analysis was conducted on each structure. Confirmatory factor analysis can measure the correlation between latent variables in each model. This study divides the confirmatory factor analysis into product design variables such as aes, func, and sym; perceived variables such as PU, PEU, and EA; and WTB. The results of the analysis of the fitness of the model, using AMOS 26.0, showed that the chi-squared–degrees-of-freedom ratio of the confirmatory factor analysis model was 1.60, i.e., less than 3 (consistent with the standard value proposed by Bentler and Bonett (1980) [
73] and Carmines and McIver (1981)) [
74]. The RMSEA (root-mean-square error of approximation) was 0.04, i.e., less than 0.05 and within the good range [
75]. The GFI (goodness-of-fit index) was 0.94, the AGFI (adjusted goodness-of-fit index) was 0.92, and the RFI (relative fit index) was 0.92, i.e., all greater than 0.8 (consistent with the recommended values of Browne and Cudeck (1992) [
75], Hu and Bentler (1999) [
76], Bentler (1990) [
77], Byrne (1998) [
78], and Doll et al. (1994)) [
79]. The NFI (normed fit index) was 0.94, the IFI (incremental fit index) was 0.98, the TLI was 0.97, and the CFI (comparative fit index) was 0.98, i.e., all greater than 0.9 (consistent with the recommended values of Bentler and Bonett (1980)) [
73]. As shown in
Table 6, all fitting indices were within the critical range, so it can be considered that the confirmatory factor analysis model has a relatively good fit effect on the questionnaire data (see
Table 7).
As shown in
Table 8, the standardized loadings of the items corresponding to the seven variables (aes, func, sym, PEU, PU, EA, and WTB) were all greater than 0.5, indicating that each latent variable has high representativeness corresponding to the measurement item. According to the standard of Nunnally and Bernstein (1978) [
80], when the composite reliability (CR) exceeds 0.8, and when the AVE (average variance extracted) exceeds 0.6 according to the standard of Bagozzi and Yi (1988) [
81], the convergent validity is ideal. The results of this study show that the composite reliability (CR) is 0.88 for aes, 0.85 for func, 0.89 for sym, 0.85 for ease of use, 0.86 for usefulness, 0.92 for EA, and 0.84 for WTB—all exceeding 0.8—and the AVE is 0.65 for aes, 0.65 for func, 0.68 for sym, 0.65 for ease of use, 0.68 for usefulness, 0.7 for EA, and 0.63 for WTB. Since the average variance extracted (AVE) for each variable in the sample of Chinese consumers is greater than 0.6, and the composite reliability of each variable is greater than 0.8, it can be concluded that the convergent validity of the scale is ideal.
Finally, the test results of discriminant validity are presented. The values on the diagonal are the arithmetic square roots of the AVE of the seven variables: aes, func, sym, PEU, PU, EA, and WTB (color and bold are used in the table). The values of the lower triangular matrix are the Pearson correlation coefficients between the variables. Since the absolute value of the Pearson correlation coefficient between the variables is less than the arithmetic square root of the AVE, it can be inferred that the latent variables have good discrimination—that is, the discriminant validity of the scale used in this study is ideal (see
Table 9).
5.1.3. Structural Equation Modeling Results-Chinese Consumers
After conducting confirmatory factor analysis, AMOS 26.0 was used to construct a structural equation model. Through further processing, the path coefficients and significant coefficients between each latent variable were calculated to verify the hypotheses proposed in this study. The model path relationship diagram is shown in
Figure 3.
The final model path fitness is shown in
Table 10. Its chi-squared–freedom ratio is 1.7 < 3, which is within the ideal range of fitness; the RMSEA value is 0.04 < 0.08, which is within the acceptable range; the values of GFI, AGFI, and RFI are 0.93, 0.91, and 0.92, respectively—all greater than 0.8, and within the acceptable range; the values of NFI, IFI, TLI, and CFI are 0.94 and 0.97, which are also greater than 0.9, i.e., within the ideal range of fitness. In summary, it can be considered that the structural equation model has a relatively good fitting effect on the questionnaire data.
Relationship between Aesthetics (Aes) and Perceived Variables, Environmental Awareness (EA)
Hypothesis 1 is about the relationship between aes and perceived variables, EA. The results show that H1-1 that with the improvement of aes, the PEU of EV will increase (β = 0.05, T = 1.26) is not established, H1-2 that the PU of EV will increase (β = 0.04, T = −0.45) is not established, and only H1-3 that the EA of EV will increase (β = 0.05, T = 3.96) is established. Contrary to the research of Filieri and Lin (2017) [
82], it can be seen that the aes of EV has not increased the purchasing intention of Chinese consumers but can actively improve consumers’ EA. In other words, electric vehicles with excellent appearance cannot make Chinese consumers perceive ease of use or usefulness, but Chinese consumers can improve their EA through appearance, thereby protecting the environment.
Chinese Consumers: Relationship between Function (Func), Perceived Variables, and Environmental Awareness (EA)
From the hypothesis of the relationship between func and the perceived variable EA, H2-1 that the PEU of EVs will increase with the optimization of functions; β = 0.07, T = 8.56), H2-2 (that PU will increase; β = 0.07, T = 4.60), and H2-3 (that EA will increase; β = 0.06, T = 7.80) are all established. This result explains the results of Sovacool et al. (2019) [
83], who found that Chinese consumers’ willingness to accept the use of EVs is related to the performance characteristics of EVs. Additionally, like in Lieven et al.’s (2011) [
39] study on the German market, func is a key criterion for consumers.
Relationship between Symbolism (Sym), Perceived Variables, and Environmental Awareness (EA)
H3-1 of the relationship between symbolic and perceived variables and environmental protection (the PEU of EVs will increase as the value of symbols increases; β = 0.06, T = 0.89) and H3-2 (the PU will increase; β = 0.05, T = 0.35) are not established. However, H3-3 (β = 0.06, T = 4.39)—that the EA of EVs will increase—is established, which can be seen as the Chinese government’s restrictions on carbon emissions [
84] and the strengthening of Chinese consumers’ EA [
63]. In addition, the results of this study are consistent with the findings of Liu et al. (2020) [
85] and Heffner et al. (2007) [
86], so it can be considered that the most important symbolic meaning of EVs is EA, followed by aes.
Chinese Consumers: The Relationship between Perceived Variables, Environmental Awareness (EA), and Willingness to Buy (WTB)
As with the findings of He et al. (2015) [
62], our results show that H4-1 (the higher the PEU, the higher the intention to purchase EVs; β = 0.06, T = 5.22), H4-2 (the higher the PU, the higher the willingness to purchase EVs; β = 0.07, T = 3.08), and H4-3 (which states that the stronger the EA, the higher the WTB electric vehicles; β = 0.05, T = 4.29) are all established. This shows that PEU, PU, and EA can all have a positive impact on WTB.
Finally, consistent with the research results of Davis (1989) [
15], PEU has a significant positive impact on PU (β = 0.06, T = 3.62), and the results prove that EA also has a significant impact on usefulness (β = 0.05, T = 4.29) (see
Table 11).
5.1.4. Insights into Chinese Consumers
EVs are a new means of transportation that has been developed for environmental protection. Unlike existing fuel vehicles, they provide a new driving experience by integrating new technologies. It is expected that the EV market will continue to grow in the future and become the main mode of transportation. As consumers’ perceptions of electric vehicles change, this study uses Davis’s TAM to apply the aes, func, and sym of product design to the TAM, along with EA, and explores the impact of product design dimensions on the willingness to purchase EVs.
The results of the analysis of Chinese consumers in this study are summarized as follows. First, in the product design dimension, aes was found to have no effect on PU and PEU, but it had a direct effect on EA. This suggests that the aes of electric vehicles can affect Chinese consumers’ EA, thereby triggering WTB.
Second, in the product design dimension, func has a significant impact on all perceived variables and EA. As existing research mainly focuses on technology [
87,
88], the new technology of EVs will have a direct impact on WTB. Additionally, as reported by Clarkson et al. (2013) [
89], consumers’ knowledge can affect the novel consumption that they seek. As consumers’ knowledge and experience increase, it can be inferred that their demand for EVs will also change accordingly.
Finally, in terms of the symbolic dimension of product design, although it has no direct impact on PEU and PU, it does affect EA. For Chinese consumers, PEU and EA both positively affect PU and directly affect WTB.
5.2. Korean Consumers
5.2.1. Korean Participants and Measures
This study also adopted the convenience sampling method. From 7 April to 29 June 2024, an online survey was conducted on 426 Korean men and women aged 20 to 60 years, using Google’s questionnaire website “Google Forms”. The responses of 409 people (excluding invalid questionnaires) were used for the final analysis. In terms of the demographic characteristics of the survey subjects, 229 were male, accounting for 56%, and 180 were female, accounting for 44%. In terms of age, 129 were in their 20s, accounting for 32%; 119 were in their 30s, accounting for 29%; 103 were in their 40s, accounting for 25%; and 3% of the participants were over 50 years old. In terms of education level, the majority of respondents were university graduates, accounting for 274 people, or 67%. In terms of the lifestyle of Korean consumers, the majority of respondents were interested in cars, accounting for 53%, followed by respondents who thought that cars’ functions are the most important, accounting for 105 people, or 26%. Among Korean consumers, the majority of respondents owned internal combustion cars, accounting for 50% (204 people) (see
Table 12).
5.2.2. Analysis of Results
Reliability and Validity Testing
As with the reliability and validity testing for Chinese consumers, the reliability and validity analysis for Korean consumers also first used SPSS 27.0. The result was that the KMO value was 0.928 (greater than 0.7), and Bartlett’s test of sphericity was significant, at 0.001. The Cronbach’s α of each dimension of the questionnaire (aes, func, sym, PEU, PU, EA, and WTB) was greater than 0.7, indicating that the correlation between the scales of Korean consumers is good and suitable for further research. For further analysis, see
Table 13.
Next, the principal component extraction of the Korean consumer data was performed to obtain the initial eigenvalues, variance contribution rates, cumulative variance contribution rates, etc. The results are shown in
Table 14. According to the extraction principle that the eigenvalue is greater than 1, seven factors were extracted, the cumulative variance contribution rate was 74.67%, and the commonality of each item was above 0.5, indicating that the seven factors extracted from the 25 questions provided a relatively ideal explanation for the original data.
Finally, the Kaiser standardized maximum variance rotation method was used to rotate the factor loadings, and the results are shown in
Table 15. The loadings of each item on the corresponding factor are all over 0.5. Color and bold are used in the table, so there is reason to believe that the scale of this study has good structural validity.
In summary, the questionnaire used by Korean consumers has good validity and is suitable for further analysis.
Confirmatory Factor Analysis
Similar to the analysis of the results of Chinese consumers, in order to verify the validity of the questionnaire, confirmatory factor analysis was conducted on each structure. The results of the analysis of the fitness of the model using AMOS 26.0 showed that the χ
2/df value of the confirmatory factor analysis model was 1.34 (less than 3), the RMSEA was 0.03 (less than 0.05), the GFI was 0.94, the AGFI was 0.92, and the RFI was 0.94 (all greater than 0.8). Additionally, the NFI was 0.95, the IFI was 0.99, the TLI was 0.98, and the CFI was 0.99, i.e., all greater than 0.9 (
Table 16). All of the fitting indicators were within the critical range, so it can be considered that the questionnaire data have a relatively good fitting effect.
Similar to the analysis of the results for Chinese consumers, the standardized loads of each item corresponding to the seven variables aes, func, sym, PEU, PU, EA, and WTB of Korean consumers were measured. The results showed that the composite reliability (CR) was 0.88 for aes, 0.83 for func, 0.87 for sym, 0.84 for ease of use, 0.84 for usefulness, 0.9 for EA, and 0.85 for WTB—all exceeding 0.8. The AVE was 0.65 for aes, 0.62 for func, 0.63 for sym, 0.64 for ease of use, usefulness, and EA, and 0.66 for WTB—all exceeding 0.6 (see
Table 17). Therefore, it can be inferred that the convergent validity of the scale for Korean consumers is ideal.
Finally, the discriminant validity test results for the Korean consumer scale are presented. The values on the diagonal are the arithmetic square roots of the AVE of the seven variables: aes, func, sym, PEU, PU, EA, and WTB (color and bold are used in the table). As with the Chinese consumer scale, the discriminant validity of the Korean consumer scale is ideal (see
Table 18).
5.2.3. Structural Equation Modeling Results
The same applies to the scale for Korean consumers. After confirmatory factor analysis, AMOS 26.0 was used to construct a structural equation model. Through further processing, the path coefficients and significant coefficients between each latent variable were calculated to verify the hypotheses proposed in this study. The model path relationship diagram is shown in
Figure 4.
Table 19 shows the final model path fitness for Korean consumers, with a chi-squared–degree-of-freedom ratio of 1.47 (<3), RMSEA value of 0.03 (<0.08), a GFI value of 0.93, AGFI value of 0.91, and RFI value of 0.92 (all greater than 0.8) and NFI, IFI, TLI, and CFI values of 0.94 and 0.98 (all greater than 0.9). Therefore, it can be considered that the structural equation model for Korean consumers has a good fitting effect on the questionnaire data.
Relationship between Aesthetics (Aes), Perceived Variables, and Environmental Awareness (EA)
The research results between Korean consumers’ aes, perceived variables, and EA show that H1-1 (aes affects the PEU of EVs; β = 0.06, T = 3.47), H1-2 (aes affects the PU of EVs; β = 0.07, T = 4.20), and H1-3 (aes affects the EA of electric vehicles; β = 0.06, T = 6.43) are all established. The results of this study show that, among Korean consumer groups, aesthetic factors have a significant impact on the PEU, PU, and EA of electric vehicles. Specifically, aes can not only enhance consumers’ perceptions of the ease of use and practicality of electric vehicles but also enhance their EA. Therefore, for Korean consumers, aesthetic factors play an important role in selecting and accepting EV technology, and this result reveals how aesthetic values influence Korean consumers’ attitudes toward and adoption of new technologies in the context of Korean culture. This is contrary to the results of Jung et al. (2021) [
90], who found that Korean consumers attach great importance to the future value of the car when buying a car but do not pay much attention to the aes of the EV.
Relationship between Function (Func), Perceived Variables, and Environmental Awareness (EA)
The survey results of Korean consumers show that H2-1 and H2-2, concerning the PEU of electric vehicles (β = 0.07, T = 5.25) and EA (β = 0.06, T = 4.32), respectively, are established, but H2-3 (that the PU of electric vehicles will increase) is not established (β = 0.08, T = 0.57). This means that Korean consumers tend to think that EVs are easier to use and more environmentally friendly. However, the PU can only be improved after a test drive [
91].
Relationship between Symbolism (Sym), Perceived Variables, and Environmental Awareness (EA)
From the perspective of the relationship between symbolic and perceived variables and environmental protection, H3-1 (β = 0.06, T = 3.19), H3-2 (β = 0.05, T = 3.18), and H3-3 (β = 0.06, T = 2.81) are all valid for Korean consumers. In other words, sym can improve Korean consumers’ PEU and PU, and it can also improve EA. This is consistent with the findings of Beak et al. (2020) [
92] that Korean consumers have a relatively high willingness to pay for the carbon dioxide emission reduction rate of EVs.
The Relationship between Perceived Variables, Environmental Awareness (EA), and Willingness to Buy (WTB)
The research results on H4-1, H4-2, and H4-3 clearly show that, for the Korean consumers in this study, the effects of PEU, PU, and EA on the intention to purchase EVs are all positive. The higher the consumer’s PEU for electric vehicles (β = 0.07, T = 4.67), the stronger the intention to purchase EVs. In other words, Korean consumers are more likely to choose EVs that they find easy to drive and operate. PU was also shown to have a positive impact on WTB (β = 0.08, T = 3.68). This proves that Korean consumers’ perceptions of the functionality of EVs, such as their aes, func, and sym, will significantly influence their purchase decisions. The positive impact of EA on WTB has also been verified (β = 0.07, T = 2.81). This shows that concern and recognition of environmental protection issues will prompt Korean consumers to choose EVs.
In summary, in the EV market, PEU, PU, and EA have a significant impact on improving Korean consumers’ WTB electric vehicles. Therefore, these factors should be paid attention to and strengthened in marketing and product development to meet consumers’ needs and promote the popularity and market growth of EVs.
Finally, Korean consumers, much like Chinese consumers, were consistent with the findings of Davis (1989) [
15]. PEU has a significant positive impact on PU (β = 0.07, T = 2.18), and the results prove that Korean consumers’ EA also has a significant positive impact on perceived usefulness (β = 0.07, T = 4.41) (see
Table 20).
5.2.4. Insights into Korean Consumers
Similar to the analysis of Chinese consumption, the aesthetics, function, symbolism, and environmental awareness of product design were applied to Davis’s TAM to explore the impact of product design dimensions on the intention to purchase electric vehicles. However, unlike the analysis results for Chinese consumers, in the product design dimension of Korean consumers, aesthetics was found to have a direct impact on perceived usefulness, perceived ease of use, and environmental awareness. This shows that the aesthetics of electric vehicles can affect all perceived attitudes and environmental awareness, thereby triggering purchase intentions. Second, in the product design dimension, function has a significant impact on both perceived ease of use and environmental awareness; however, it has no effect on perceived usefulness. As reported by Kim et al. (2019) [
91], for Korean consumers, perceived usefulness can only be improved after a test drive. Finally, in the symbolic dimension of product design, contrary to the results for Chinese consumers—that it has no direct effect on perceived ease of use and perceived usefulness, but affects environmental awareness—symbols have a positive effect on both perceived attitude and environmental awareness for Korean consumers. Additionally, like Chinese consumers, for Korean consumers, perceived ease of use and environmental awareness both positively affect perceived usefulness and directly affect purchase intentions.
6. Discussion
This study used the TAM to explore the factors that affect the intention to purchase EVs in the product design dimension of China (the world’s largest EV market) and South Korea (an emerging EV market). The results show that, for Chinese consumers, H1-1, H1-2, H3-1, and H3-2 are not established. It can be concluded that Chinese consumers do not attach much importance to the aes and sym of EVs. The study of Korean consumers showed that the product design dimensions of aes, func, and sym have an impact on PEU, PU, and EA and can ultimately affect WTB; however, only H2-2 is not established, indicating that Korean consumers have a relatively low PU when accepting new technologies.
However, product preferences are influenced by cultural and social factors [
93]. Cultural values are widely accepted beliefs, norms, and codes of conduct that influence people’s thinking, decision-making, and behavior. History, religion, education, economic development, and social structure all influence cultural values, and these values affect the acceptance of specific cultural styles [
94].
Cultural values directly affect the market position of EVs. For example, in Northern Europe, EVs are popular due to the emphasis on environmental protection and sustainable development, and governments have also introduced incentives. In Silicon Valley, United States, EVs are more acceptable due to the high acceptance of technology; in conservative cultures, promoting EVs requires more time and education. Companies need to understand these cultural differences and develop appropriate market strategies.
Hofstede’s research (2001) [
95] also explains the differences in results in different countries. China is a highly collectivist society, and consumers pay more attention to function rather than appearance when popularizing EVs under the government’s promotion. South Korea scores high in uncertainty avoidance, and consumers have a strong avoidance of technological innovation. Therefore, the Korean market needs to reduce the uncertainty brought by new technologies by providing pre-driving experiences, and companies should reduce consumer concerns and promote the acceptance of new technologies through effective market communication and product education.
It should be added that, from a marketing management perspective, consumers’ willingness to buy EVs is also affected by other options, such as cars with oil and diesel engines. Therefore, when studying EV purchasing behavior, one should not only consider product design, perceived acceptance and environmental awareness, but also consider the competition from other types of vehicles on the market, which differ from EVs in fuel, pricing, comfort, and aesthetic features and can provide consumers with diverse choices.
Finally, just as the 2024 Paris Summer Olympics will take “sustainable development” as a core concept, when exploring the factors affecting EV purchase intentions, we need to consider not only product design dimensions but also broader behavioral motivations and attitudes. In recent years, there have been an increasing number of studies on clean energy technologies, which reveal consumers’ behavioral motivations and attitudes towards clean energy technologies in their daily lives.
For example, Kyriakopoulos (2022) [
96] recently provided a comprehensive overview of the research on energy community management policies, economic aspects, technologies, and models, exploring the application of clean energy technologies therein. The study emphasized the social acceptance and support for clean energy technologies, which is very important for understanding the context of EV purchasing behavior.
7. Managerial Implications
The results of this study have several important implications for theory and practice.
First, this study applied product design to the TAM and investigated the purchase intentions of Chinese and Korean consumers.
Second, the research findings provided by this study can help automakers and marketers gain a deeper understanding of the characteristics of Chinese and Korean electric vehicle consumers. For example, Chinese consumers pay more attention to the new technology and functions of products than to aes and sym. This means that, when targeting the Chinese market, automakers should focus on promoting the advanced technological features and functional advantages of electric vehicles in order to attract the interest and purchasing desire of Chinese consumers.
Third, Korean consumers are more interested in aes and sym than in functions. This suggests that, in the Korean market, automakers should emphasize the aes and sym in the design of electric vehicles in order to cater to the preferences of Korean consumers. This can include promoting the fashionable design, brand image, and sym of EVs as environmental and social responsibilities.
Fourth, another effective communication strategy is to emphasize the contribution of electric vehicles to environmental protection, because both Chinese and Korean consumers believe that EA is an important factor in using electric vehicles. Automakers and marketers can enhance the appeal of electric vehicles and meet consumers’ demand for environmental protection by promoting their low emissions and sustainability. As the Korean EV market matures, environmental concerns and reputation issues may become more important. Therefore, automakers should continue to pay attention to and respond to Korean consumers’ concerns about environmental protection and social responsibility. This will not only enhance the brand image but also increase consumers’ recognition and trust in EVs.
In summary, the findings of this study provide automakers with a basis for formulating differentiated marketing strategies for different markets. By understanding the unique needs and preferences of Chinese and Korean consumers, EVs can be promoted more effectively, and market share can be increased.
8. Limitations and Future Research Directions
This study has some limitations and provides multiple directions for future research. The following is a discussion of these limitations and future research directions.
8.1. Limitations
First, this study mainly used the technology acceptance model (TAM) to explore the impact of product design dimensions on the intention to purchase EVs among Chinese and Korean consumers, so the results may be limited to product design dimensions. This study ignored other consumer needs and dimensions, such as sustainability and technological innovation. Sustainability affects consumers’ environmental awareness and social responsibility, while technological innovation meets the demand for new functions and high technology. These dimensions interact with aes, func, and sym and may jointly affect consumers’ purchase decisions.
Second, this study did not analyze consumer differences such as gender and age. Future research could be extended to explore gender differences (such as males and females) and age differences, in order to investigate whether these differences affect the role of aes, func, and sym design on the intention to purchase EVs. For example, male consumers may be more interested in technological innovation and performance, whereas female consumers may pay more attention to safety and environmental protection; young consumers may be more open to new technologies, whereas older consumers may pay more attention to the reliability and long-term value of vehicles.
In addition, this study is also lacking in theoretical research depth. Only partial theories using the TAM may overlook factors such as social influence, personal attitudes, or external environment. Future research could incorporate the theory of planned behavior (TPB) or the unified theory of behavior (UTAUT) to build a more comprehensive theoretical model, in order to provide a deeper understanding and more accurate prediction of consumer acceptance of EVs.
In addition, the results of this research are based only on data from Chinese and Korean consumers, which may not be applicable to consumers in other countries. The cultural background and market environment of each country are different, and future research should consider the impacts of cultural, regional, and subcultural differences on consumer behavior. For example, the difference in the degree of modernization between eastern and inland China, South Korea, and other regions, as well as ethnic minority culture, age generation differences, etc., may significantly affect consumer purchasing behavior and preferences.
Possible biases in this study include social desirability bias, memory bias, and inconsistent responses, which may affect the accuracy and reliability of the data. Therefore, future research should consider how to reduce these biases in order to improve the validity of the research results.
8.2. Future Research Directions
Multidimensional analysis: Future research should consider the impacts of sustainability and technological innovation on the willingness to purchase EVs and explore the interactive relationships between these dimensions and aes, func, and sym.
Gender and age differences: In-depth exploration of the impact of gender and age on the willingness to buy EVs and analysis of the differences in the needs of different groups in aes, func, and sym design.
Expansion of the theoretical framework: Combining other theories in the TAM or integrating the theory of planned behavior (TPB) and the unified theory of behavior (UTAUT) to build a more comprehensive theoretical model, in order to enhance the explanatory power of consumers’ willingness to buy EVs.
Cultural differences research: Expand to other countries and regions to analyze the impacts of cultural background, economic development, degree of modernization, and ethnic minority culture on consumer behavior.
Dynamic data collection: A longitudinal research design should be adopted to obtain dynamic data by tracking the attitude and behavior changes of the same group over a long period of time, especially under new technologies and market changes.
Application of biometric technology: Citing the research results of biometric technology, explore its potential impact on EV consumer decision-making. For example, the use of advanced biometric technology may enhance the safety and personalization of EVs and attract more consumers who pay attention to these features [
97].
As the electric vehicle market develops rapidly, and as consumer preferences and technological advances continue to change, manufacturers should continue to innovate, invest in R&D, cooperate with technology companies, conduct dynamic market analysis, flexibly produce, optimize the supply chain, adjust brand positioning, strengthen digital marketing, and provide comprehensive charging and after-sales services in order to maintain market relevance and meet changing needs.
In short, future research should focus on making up for the shortcomings of existing research and, through multidimensional theoretical discussions and data analysis, gaining a deeper understanding of consumers’ willingness to purchase EVs, so as to provide more valuable insights and suggestions for the further development of the EV market.
Author Contributions
Z.S.: conceptualization, data curation, formal analysis, funding acquisition, investigation, methodology, project administration, software, validation, writing—original draft, writing—review and editing. B.L.: conceptualization, data curation, formal analysis, funding acquisition, investigation, methodology, project administration, resources, supervision, validation, writing—original draft, writing—review and editing. All authors have read and agreed to the published version of the manuscript.
Funding
This research received no external funding.
Data Availability Statement
Acknowledgments
The original contributions presented in the study are included in the article; further inquiries can be directed to the corresponding authors, all individuals included consented to the acknowledgement.
Conflicts of Interest
The authors declare no conflicts of interest.
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Figure 1.
Electric vehicle classification.
Figure 1.
Electric vehicle classification.
Figure 2.
Structural equation modeling.
Figure 2.
Structural equation modeling.
Figure 3.
Results of structural equation modeling of Chinese consumers.
Figure 3.
Results of structural equation modeling of Chinese consumers.
Figure 4.
Results of structural equation modeling for Korean consumers.
Figure 4.
Results of structural equation modeling for Korean consumers.
Table 1.
Literature review.
Table 1.
Literature review.
No. | Research | Key Findings | Weaknesses | Suggested Solutions |
---|
1 | Bloch (1995) [14]; Davis (1989) [15] | Importance of product design | Lack of comprehensive perspective | Introduce multi-dimensional design elements and comprehensive evaluation |
2 | Nussbaum (1988) [16] | Attractiveness affects purchase decisions | Research limited to specific conditions | Expand to different product categories and markets |
3 | Han (2021) [17] | Design should be understood from a lifestyle perspective | Lack of empirical research | Combine with empirical data verification |
4 | Homburg et al. (2015) [22] | Developed a new scale to measure product design | No involvement in electric vehicles | Apply to the electric vehicle field |
5 | Davis (1989) [15] | TAM explains technology acceptance | Ignoring long-term usage intentions | Introduce long-term use variables |
6 | Venkatesh and Davis (2000) [24]; Venkatesh and Bala (2008) [25] | Extended TAM | Lack of emotional factors | Add emotional and socio-cultural factors |
7 | Wang et al. (2013) [26]; Hu et al. (2015) [27]; | Combining TAM with perceived risk to study new-energy vehicles | Mainly focused on initial acceptance | Study long-term use and market maturity |
8 | Song et al. (2018) [7]; Lieven et al. (2011) [39]; Kim et al. (2019) [40] | Factors affecting purchase intention | Immature market, insufficient research | Conduct more market and consumer perception research |
Table 2.
Measurement scales for variables.
Table 2.
Measurement scales for variables.
No. | Variable Name | Code | Measurement Question | Reference Source |
---|
1 | Aes | Q1 | I think electric cars look good | Bloch, P. H. (1995); [14] Srinivasan, R et al. (2012) [21]; Homburg, C et al. (2015) [22]; Gilal, N. G et al. (2018) [44]; |
Q2 | I think electric car designs are attractive |
Q3 | I think electric car designs are eye-catching |
Q4 | I think electric car designs are impressive |
2 | Func | Q5 | I think electric car functionality is important |
Q6 | I think electric car designs are safe |
Q7 | I think electric cars are very functional |
3 | Sym | Q8 | I think electric cars can show my social status |
Q9 | I think electric cars can show that I value environmental awareness |
Q10 | I portray part of my lifestyle through electric cars |
Q11 | I want to define myself through electric cars |
4 | PEU | Q12 | I think it is easy to use electric cars | Davis, F. D. (1987); (1989 [15]); (1992) [63]; (2000) [24], Venkatesh et al. (2003) [64]; (2008) [25]; |
Q13 | I think electric cars are easy to learn to use |
Q14 | I find it easy to do what I want to do with electric cars |
5 | PU | Q15 | I think using electric cars will improve my life |
Q16 | I think using electric cars will be useful |
Q17 | I think using electric cars is effective |
6 | EA | Q18 | I think environmental issues are important | Bunce et al. (2014) [68]; Song et al. (2018) [7]; Van et al. (2023) [66]; Carley et al. (2013) [67]; |
Q19 | I usually take practical actions to protect the environment (such as garbage sorting) |
Q20 | I usually use environmentally friendly products as much as possible |
Q21 | I think we should use environmentally friendly products |
Q22 | If it is an environmentally friendly product, I will buy it even if it is expensive |
7 | WTB | Q23 | I plan to buy an electric car in the future | Wang et al. (2013) [26]; Agarwal et al. (2000) [50]; Zhang et al. (2011) [69]; Park et al. (2020) [70]; Patara and Monroe (2008) [71] |
Q24 | Next time I buy a new car, I will buy an electric car |
Q25 | I will recommend buying an electric car to people around me |
Table 3.
Demographic characteristics of the Chinese sample.
Table 3.
Demographic characteristics of the Chinese sample.
No. | Measure | Item | Count | % |
---|
1 | Gender | Male | 257 | 55 |
Female | 211 | 45 |
2 | Age | 20~29 years old | 94 | 20 |
30~39 years old | 174 | 37 |
40~49 years old | 109 | 23 |
50~59 years old | 64 | 14 |
<60 years old | 27 | 6 |
3 | Education level | High school | 39 | 8 |
Junior college | 97 | 21 |
University | 307 | 66 |
Graduate school | 24 | 5 |
Other | 1 | 0 |
4 | Lifestyle | I am attracted to the exterior of cars and I like cars | 125 | 27 |
I am not interested in cars | 119 | 25 |
I think the functionality of a car is important | 97 | 21 |
I think cars express my social status | 127 | 27 |
5 | Car ownership | I don’t have a car | 73 | 16 |
I have a car with an internal combustion engine | 156 | 33 |
I have an electric car | 239 | 51 |
6 | Driving frequency | 1 day or less per week | 193 | 41 |
2~3 days per week | 178 | 38 |
4~5 days per week | 58 | 12 |
More than 6 days per week | 39 | 8 |
Table 4.
Chinese proportion attributes.
Table 4.
Chinese proportion attributes.
KMO and Bartlett’s Test |
---|
KMO sampling suitability measure | 0.902 |
Bartlett’s test of sphericity | Approximate chi-squared | 6533.05 |
Degrees of freedom | 300 |
Significance | 0.000 |
Reliability Analysis of the Questionnaire |
Variable Name | Measurement Item | Correction Total Correlation (CITC) | After Deleting the Item’s Cronbach’s α Value | Each Variable’s Cronbach’s α Value |
Aes | AD1 | 0.759 | 0.879 | 0.901 |
AD2 | 0.771 | 0.874 |
AD3 | 0.803 | 0.863 |
AD4 | 0.781 | 0.871 |
Func | FD1 | 0.663 | 0.710 | 0.801 |
FD2 | 0.601 | 0.775 |
FD3 | 0.675 | 0.697 |
Sym | SD1 | 0.720 | 0.837 | 0.871 |
SD2 | 0.795 | 0.808 |
SD3 | 0.709 | 0.841 |
SD4 | 0.678 | 0.853 |
PEU | PEU1 | 0.684 | 0.752 | 0.824 |
PEU2 | 0.659 | 0.777 |
PEU3 | 0.694 | 0.742 |
PU | PU1 | 0.658 | 0.759 | 0.816 |
PU2 | 0.695 | 0.727 |
PU3 | 0.666 | 0.760 |
EA | EA1 | 0.694 | 0.884 | 0.896 |
EA2 | 0.765 | 0.868 |
EA3 | 0.735 | 0.875 |
EA4 | 0.710 | 0.880 |
EA5 | 0.813 | 0.857 |
WTB | WTB1 | 0.676 | 0.804 | 0.840 |
WTB2 | 0.738 | 0.744 |
WTB3 | 0.702 | 0.782 |
Table 5.
Chinese variance explanation.
Table 5.
Chinese variance explanation.
Component | Initial Eigenvalues | Sum of Squares of Rotating Loads | Commonality |
---|
Total | Variance Percentage | Cumulative % | Total | Variance Percentage | Cumulative % |
---|
1 | 8.402 | 33.606 | 33.606 | 3.566 | 14.262 | 14.262 | 0.754 |
2 | 2.637 | 10.549 | 44.156 | 3.156 | 12.625 | 26.888 | 0.764 |
3 | 2.232 | 8.929 | 53.084 | 2.969 | 11.874 | 38.762 | 0.800 |
4 | 1.733 | 6.932 | 60.016 | 2.278 | 9.111 | 47.873 | 0.783 |
5 | 1.279 | 5.117 | 65.133 | 2.269 | 9.076 | 56.949 | 0.730 |
6 | 1.186 | 4.744 | 69.876 | 2.189 | 8.758 | 65.707 | 0.670 |
7 | 1.060 | 4.241 | 74.117 | 2.103 | 8.410 | 74.117 | 0.749 |
8 | 0.579 | 2.315 | 76.433 | | | | 0.729 |
9 | 0.535 | 2.142 | 78.575 | | | | 0.800 |
10 | 0.497 | 1.987 | 80.561 | | | | 0.729 |
11 | 0.440 | 1.760 | 82.322 | | | | 0.676 |
12 | 0.432 | 1.728 | 84.049 | | | | 0.716 |
13 | 0.403 | 1.611 | 85.660 | | | | 0.757 |
14 | 0.398 | 1.591 | 87.251 | | | | 0.748 |
15 | 0.384 | 1.538 | 88.789 | | | | 0.750 |
16 | 0.361 | 1.443 | 90.232 | | | | 0.716 |
17 | 0.347 | 1.390 | 91.621 | | | | 0.773 |
18 | 0.324 | 1.295 | 92.916 | | | | 0.661 |
19 | 0.293 | 1.172 | 94.088 | | | | 0.759 |
20 | 0.283 | 1.131 | 95.219 | | | | 0.707 |
21 | 0.265 | 1.058 | 96.277 | | | | 0.677 |
22 | 0.253 | 1.010 | 97.288 | | | | 0.795 |
23 | 0.247 | 0.987 | 98.275 | | | | 0.735 |
24 | 0.235 | 0.939 | 99.214 | | | | 0.791 |
25 | 0.197 | 0.786 | 100.00 | | | | 0.757 |
Table 6.
Load matrix after rotation.
Table 6.
Load matrix after rotation.
Measures | Factor 1 | Factor 2 | Factor 3 | Factor 4 | Factor 5 | Factor 6 | Factor 7 |
---|
AD1 | 0.107 | 0.853 | 0.032 | 0.038 | 0.045 | 0.070 | 0.072 |
AD2 | 0.099 | 0.850 | 0.074 | 0.042 | 0.126 | 0.030 | 0.091 |
AD3 | 0.137 | 0.870 | 0.114 | 0.024 | 0.047 | 0.027 | 0.088 |
AD4 | 0.140 | 0.862 | −0.001 | 0.100 | 0.079 | 0.063 | 0.016 |
FD1 | 0.209 | 0.068 | 0.105 | 0.201 | 0.243 | 0.158 | 0.739 |
FD2 | 0.143 | 0.119 | 0.135 | 0.192 | 0.118 | 0.161 | 0.735 |
FD3 | 0.214 | 0.101 | 0.157 | 0.122 | 0.130 | 0.202 | 0.772 |
SD1 | 0.110 | 0.082 | 0.828 | 0.073 | 0.105 | −0.020 | 0.091 |
SD2 | 0.166 | 0.052 | 0.860 | 0.107 | 0.086 | 0.066 | 0.084 |
SD3 | 0.097 | 0.089 | 0.824 | 0.001 | 0.097 | 0.148 | 0.034 |
SD4 | 0.203 | −0.006 | 0.767 | 0.050 | 0.075 | 0.095 | 0.173 |
PU1 | 0.242 | 0.088 | 0.061 | 0.236 | 0.160 | 0.736 | 0.153 |
PU2 | 0.184 | 0.019 | 0.123 | 0.178 | 0.154 | 0.781 | 0.207 |
PU3 | 0.196 | 0.086 | 0.101 | 0.082 | 0.100 | 0.808 | 0.149 |
PEU1 | 0.171 | 0.074 | 0.124 | 0.802 | 0.144 | 0.104 | 0.160 |
PEU2 | 0.130 | 0.023 | 0.064 | 0.779 | 0.156 | 0.109 | 0.227 |
PEU3 | 0.131 | 0.105 | 0.029 | 0.807 | 0.170 | 0.240 | 0.084 |
EA1 | 0.727 | 0.085 | 0.150 | 0.018 | 0.237 | 0.152 | 0.154 |
EA2 | 0.815 | 0.139 | 0.125 | 0.163 | 0.152 | 0.100 | 0.031 |
EA3 | 0.776 | 0.151 | 0.126 | 0.105 | 0.081 | 0.177 | 0.129 |
EA4 | 0.735 | 0.178 | 0.161 | 0.102 | 0.054 | 0.133 | 0.220 |
EA5 | 0.828 | 0.065 | 0.144 | 0.164 | 0.120 | 0.161 | 0.136 |
WTB1 | 0.196 | 0.183 | 0.078 | 0.151 | 0.782 | 0.089 | 0.125 |
WTB2 | 0.184 | 0.077 | 0.141 | 0.164 | 0.810 | 0.160 | 0.149 |
WTB3 | 0.142 | 0.056 | 0.164 | 0.182 | 0.784 | 0.159 | 0.183 |
Table 7.
Confirmatory factor analysis model fitness.
Table 7.
Confirmatory factor analysis model fitness.
Fit Index | χ2/df | RMSEA | GFI | AGFI | NFI | RFI | IFI | TLI | CFI |
---|
Evaluation standard | Ideal | <3 | <0.05 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 |
Acceptable | <5 | <0.08 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 |
Structural model measurements | 1.608 | 0.036 | 0.935 | 0.916 | 0.939 | 0.928 | 0.976 | 0.971 | 0.976 |
Table 8.
Convergent validity test.
Table 8.
Convergent validity test.
No. | Variable | Measurement Item | Parameter Significance Estimate | Factor Loading | Item Reliability | Composite Reliability | Average Variance Extracted |
---|
Unstd. | S.E. | t-Value | p | Std. | SMC | CR | AVE |
---|
1 | Aes | AD4 | 1 | | | | 0.833 | 0.694 | 0.881 | 0.652 |
AD3 | 1.067 | 0.049 | 21.961 | *** | 0.862 | 0.743 |
AD2 | 1.009 | 0.048 | 20.857 | *** | 0.829 | 0.688 |
AD1 | 1.046 | 0.052 | 20.187 | *** | 0.810 | 0.657 |
2 | Func | FD3 | 1 | | | | 0.786 | 0.617 | 0.846 | 0.648 |
FD2 | 0.894 | 0.063 | 14.278 | *** | 0.694 | 0.481 |
FD1 | 1.032 | 0.064 | 16.102 | *** | 0.796 | 0.633 |
3 | Sym | SD4 | 1 | | | | 0.742 | 0.551 | 0.894 | 0.679 |
SD3 | 1.097 | 0.067 | 16.346 | *** | 0.777 | 0.604 |
SD2 | 1.134 | 0.062 | 18.220 | *** | 0.881 | 0.776 |
SD1 | 1.052 | 0.064 | 16.367 | *** | 0.778 | 0.606 |
4 | PEU | PEU1 | 1 | | | | 0.787 | 0.619 | 0.848 | 0.654 |
PEU2 | 1.005 | 0.065 | 15.559 | *** | 0.753 | 0.567 |
PEU3 | 1.045 | 0.064 | 16.349 | *** | 0.804 | 0.646 |
5 | PU | PU1 | 1 | | | | 0.779 | 0.608 | 0.862 | 0.676 |
PU2 | 0.990 | 0.060 | 16.375 | *** | 0.806 | 0.649 |
PU3 | 1.095 | 0.071 | 15.369 | *** | 0.745 | 0.554 |
6 | EA | EA5 | 1 | | | | 0.871 | 0.759 | 0.919 | 0.695 |
EA4 | 0.893 | 0.045 | 19.786 | *** | 0.766 | 0.587 |
EA3 | 0.938 | 0.046 | 20.573 | *** | 0.786 | 0.618 |
EA2 | 0.970 | 0.044 | 21.805 | *** | 0.815 | 0.665 |
EA1 | 0.850 | 0.045 | 18.914 | *** | 0.744 | 0.554 |
7 | WTB | WTB1 | 1 | | | | 0.756 | 0.572 | 0.837 | 0.634 |
WTB2 | 1.162 | 0.068 | 17.036 | *** | 0.841 | 0.707 |
WTB3 | 1.192 | 0.072 | 16.495 | *** | 0.801 | 0.642 |
Table 9.
Correlation coefficient matrix and square roots of AVEs.
Table 9.
Correlation coefficient matrix and square roots of AVEs.
No. | Variable | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|
1 | Aes | 0.81 | | | | | | |
2 | Func | 0.408 *** | 0.81 | | | | | |
3 | Sym | 0.400 *** | 0.417 *** | 0.82 | | | | |
4 | PU | 0.446 *** | 0.506 *** | 0.486 *** | 0.82 | | | |
5 | PEU | 0.340 *** | 0.446 *** | 0.344 *** | 0.476 *** | 0.81 | | |
6 | EA | 0.357 *** | 0.309 *** | 0.443 *** | 0.487 *** | 0.412 *** | 0.83 | |
7 | WTB | 0.395 *** | 0.401 *** | 0.463 *** | 0.612 *** | 0.395 *** | 0.513 *** | 0.80 |
Table 10.
The fitness of the Chinese consumer path model.
Table 10.
The fitness of the Chinese consumer path model.
Fit Index | χ2/df | RMSEA | GFI | AGFI | NFI | RFI | IFI | TLI | CFI |
---|
Evaluation standard | Ideal | <3 | <0.05 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 |
Acceptable | <5 | <0.08 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 |
Structural model measurements | 1.699 | 0.039 | 0.930 | 0.912 | 0.934 | 0.924 | 0.972 | 0.967 | 0.972 |
Table 11.
Results of hypothesis testing on Chinese consumers.
Table 11.
Results of hypothesis testing on Chinese consumers.
No. | Path Relationship | B | β | S.E. | C.R. | p-Value | Result |
---|
H1-1 | Aes | → | PEU | 0.061 | 0.063 | 0.048 | 1.261 | 0.207 | Fail |
H1-2 | → | PU | −0.018 | −0.021 | 0.041 | −0.446 | 0.656 | Fail |
H1-3 | → | EA | 0.188 | 0.180 | 0.048 | 3.96 | *** | Pass |
H2-1 | Func | → | PEU | 0.582 | 0.567 | 0.068 | 8.557 | *** | Pass |
H2-2 | → | PU | 0.325 | 0.349 | 0.071 | 4.603 | *** | Pass |
H2-3 | → | EA | 0.488 | 0.437 | 0.063 | 7.796 | *** | Pass |
H3-1 | Sym | → | PEU | 0.053 | 0.048 | 0.060 | 0.886 | 0.376 | Fail |
H3-2 | → | PU | 0.018 | 0.018 | 0.051 | 0.353 | 0.724 | Fail |
H3-3 | → | EA | 0.264 | 0.217 | 0.061 | 4.392 | *** | Pass |
H4-1 | PEU | → | WTB | 0.311 | 0.332 | 0.060 | 5.224 | *** | Pass |
H4-2 | PU | → | 0.219 | 0.212 | 0.071 | 3.083 | 0.002 | Pass |
H4-3 | EA | → | 0.217 | 0.252 | 0.051 | 4.288 | *** | Pass |
Table 12.
Demographic characteristics of the Korean sample.
Table 12.
Demographic characteristics of the Korean sample.
No. | Measure | Item | Count | % |
---|
1 | Gender | Male | 229 | 56 |
Female | 180 | 44 |
2 | Age | 20~29 years old | 129 | 32 |
30~39 years old | 119 | 29 |
40~49 years old | 103 | 25 |
50~59 years old | 47 | 11 |
<60 years old | 11 | 3 |
3 | Education level | High school | 52 | 13 |
Junior college | 47 | 12 |
University | 274 | 67 |
Graduate school | 34 | 8 |
Other | 2 | 1 |
4 | Lifestyle | I am attracted to the exterior of cars and I like cars | 217 | 53 |
I am not interested in cars | 48 | 12 |
I think the functionality of a car is important | 105 | 26 |
I think cars express my social status | 39 | 10 |
5 | Car ownership | I don’t have a car | 166 | 41 |
I have a car with an internal combustion engine | 204 | 50 |
I have an electric car | 39 | 10 |
6 | Driving frequency | 1 day or less per week | 176 | 43 |
2~3 days a week | 84 | 21 |
4~5 days a week | 76 | 19 |
More than 6 days a week | 73 | 18 |
Table 13.
Korean proportion attributes.
Table 13.
Korean proportion attributes.
KMO and Bartlett’s Test |
---|
KMO sampling suitability measure | 0.928 |
Bartlett’s test of sphericity | 6037.694 | 6533.05 |
300 | 300 |
0.001 | 0.000 |
Reliability Analysis of the Questionnaire |
Variable Name | Measurement Item | Correction Total Correlation (CITC) | After Deleting the Item’s Cronbach’s α Value | Each Variable’s Cronbach’s α Value |
Aes | AD1 | 0.717 | 0.852 | 0.878 |
AD2 | 0.744 | 0.842 |
AD3 | 0.738 | 0.844 |
AD4 | 0.753 | 0.838 |
Func | FD1 | 0.699 | 0.76 | 0.832 |
FD2 | 0.703 | 0.756 |
FD3 | 0.673 | 0.786 |
Sym | SD1 | 0.737 | 0.832 | 0.872 |
SD2 | 0.726 | 0.837 |
SD3 | 0.702 | 0.847 |
SD4 | 0.742 | 0.830 |
PEU | PEU1 | 0.721 | 0.765 | 0.842 |
PEU2 | 0.721 | 0.765 |
PEU3 | 0.677 | 0.808 |
PU | PU1 | 0.706 | 0.787 | 0.844 |
PU2 | 0.696 | 0.796 |
PU3 | 0.728 | 0.765 |
EA | EA1 | 0.766 | 0.875 | 0.900 |
EA2 | 0.755 | 0.877 |
EA3 | 0.774 | 0.873 |
EA4 | 0.738 | 0.881 |
EA5 | 0.724 | 0.884 |
WTB | WTB1 | 0.725 | 0.794 | 0.853 |
WTB2 | 0.708 | 0.810 |
WTB3 | 0.739 | 0.781 |
Table 14.
Korean variance explanation.
Table 14.
Korean variance explanation.
Component | Initial Eigenvalues | Sum of Squares of Rotating Loads | Commonality |
---|
Total | Variance Percentage | Cumulative % | Total | Variance Percentage | Cumulative % |
---|
1 | 10.173 | 40.692 | 40.692 | 3.651 | 14.606 | 14.606 | 0.726 |
2 | 1.979 | 7.918 | 48.610 | 3.009 | 12.034 | 26.640 | 0.748 |
3 | 1.526 | 6.105 | 54.714 | 2.976 | 11.906 | 38.545 | 0.730 |
4 | 1.503 | 6.010 | 60.724 | 2.301 | 9.206 | 47.751 | 0.757 |
5 | 1.271 | 5.083 | 65.807 | 2.287 | 9.149 | 56.900 | 0.744 |
6 | 1.193 | 4.773 | 70.580 | 2.281 | 9.124 | 66.024 | 0.773 |
7 | 1.022 | 4.087 | 74.667 | 2.161 | 8.644 | 74.667 | 0.719 |
8 | 0.542 | 2.169 | 76.836 | | | | 0.732 |
9 | 0.479 | 1.916 | 78.752 | | | | 0.723 |
10 | 0.454 | 1.814 | 80.566 | | | | 0.705 |
11 | 0.446 | 1.785 | 82.351 | | | | 0.758 |
12 | 0.429 | 1.715 | 84.066 | | | | 0.789 |
13 | 0.395 | 1.579 | 85.644 | | | | 0.792 |
14 | 0.382 | 1.527 | 87.172 | | | | 0.730 |
15 | 0.362 | 1.449 | 88.621 | | | | 0.763 |
16 | 0.354 | 1.418 | 90.039 | | | | 0.753 |
17 | 0.337 | 1.346 | 91.385 | | | | 0.780 |
18 | 0.333 | 1.333 | 92.718 | | | | 0.739 |
19 | 0.311 | 1.245 | 93.964 | | | | 0.740 |
20 | 0.29 | 1.159 | 95.122 | | | | 0.747 |
21 | 0.273 | 1.093 | 96.216 | | | | 0.691 |
22 | 0.264 | 1.055 | 97.271 | | | | 0.691 |
23 | 0.25 | 1.001 | 98.271 | | | | 0.788 |
24 | 0.218 | 0.872 | 99.143 | | | | 0.758 |
25 | 0.214 | 0.857 | 100.00 | | | | 0.792 |
Table 15.
Load matrix after rotation.
Table 15.
Load matrix after rotation.
Measures | Factor 1 | Factor 2 | Factor 3 | Factor 4 | Factor 5 | Factor 6 | Factor 7 |
---|
AD1 | 0.221 | 0.184 | 0.766 | 0.059 | 0.047 | 0.189 | 0.121 |
AD2 | 0.190 | 0.114 | 0.788 | 0.103 | 0.146 | 0.087 | 0.193 |
AD3 | 0.218 | 0.174 | 0.749 | 0.134 | 0.173 | 0.110 | 0.176 |
AD4 | 0.214 | 0.082 | 0.795 | 0.139 | 0.141 | 0.122 | 0.134 |
FD1 | 0.228 | 0.180 | 0.157 | 0.157 | 0.751 | 0.169 | 0.131 |
FD2 | 0.180 | 0.124 | 0.157 | 0.156 | 0.808 | 0.124 | 0.090 |
FD3 | 0.144 | 0.185 | 0.136 | 0.205 | 0.748 | 0.190 | 0.095 |
SD1 | 0.155 | 0.780 | 0.146 | 0.143 | 0.095 | 0.146 | 0.165 |
SD2 | 0.152 | 0.779 | 0.152 | 0.178 | 0.089 | 0.098 | 0.142 |
SD3 | 0.170 | 0.767 | 0.080 | 0.106 | 0.196 | 0.078 | 0.160 |
SD4 | 0.132 | 0.798 | 0.146 | 0.151 | 0.133 | 0.196 | 0.049 |
PU1 | 0.153 | 0.184 | 0.148 | 0.160 | 0.100 | 0.808 | 0.144 |
PU2 | 0.141 | 0.208 | 0.169 | 0.151 | 0.114 | 0.808 | 0.104 |
PU3 | 0.164 | 0.092 | 0.138 | 0.095 | 0.304 | 0.741 | 0.158 |
PEU1 | 0.191 | 0.141 | 0.268 | 0.151 | 0.105 | 0.166 | 0.757 |
PEU2 | 0.258 | 0.210 | 0.157 | 0.179 | 0.108 | 0.122 | 0.748 |
PEU3 | 0.260 | 0.184 | 0.208 | 0.119 | 0.131 | 0.152 | 0.762 |
EA1 | 0.792 | 0.138 | 0.157 | 0.132 | 0.159 | 0.103 | 0.121 |
EA2 | 0.787 | 0.073 | 0.199 | 0.174 | 0.059 | 0.156 | 0.130 |
EA3 | 0.776 | 0.201 | 0.212 | 0.100 | 0.127 | 0.095 | 0.157 |
EA4 | 0.726 | 0.154 | 0.192 | 0.115 | 0.175 | 0.164 | 0.182 |
EA5 | 0.761 | 0.146 | 0.163 | 0.068 | 0.157 | 0.058 | 0.178 |
WTB1 | 0.198 | 0.219 | 0.127 | 0.798 | 0.099 | 0.160 | 0.109 |
WTB2 | 0.130 | 0.151 | 0.159 | 0.779 | 0.174 | 0.159 | 0.173 |
WTB3 | 0.154 | 0.192 | 0.105 | 0.791 | 0.262 | 0.093 | 0.133 |
Table 16.
Confirmatory factor analysis model fitness.
Table 16.
Confirmatory factor analysis model fitness.
Fit Index | χ2/df | RMSEA | GFI | AGFI | NFI | RFI | IFI | TLI | CFI |
---|
Evaluation standard | Ideal | <3 | <0.05 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 |
Acceptable | <5 | <0.08 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 |
Structural model measurements | 1.339 | 0.029 | 0.938 | 0.921 | 0.945 | 0.935 | 0.985 | 0.983 | 0.985 |
Table 17.
Convergent validity test.
Table 17.
Convergent validity test.
Variable | Measurement Item | Parameter Significance Estimate | Factor Loading | Item Reliability | Composite Reliability | Average Variance Extracted |
---|
Unstd. | S.E. | t-Value | p | Std. | SMC | CR | AVE |
---|
Aes | AD4 | 1 | | | | 0.813 | 0.661 | 0.879 | 0.645 |
AD3 | 0.997 | 0.056 | 17.91 | *** | 0.814 | 0.662 |
AD2 | 0.905 | 0.051 | 17.739 | *** | 0.807 | 0.652 |
AD1 | 0.906 | 0.053 | 17.126 | *** | 0.777 | 0.604 |
Func | FD3 | 1 | | | | 0.77 | 0.593 | 0.832 | 0.624 |
FD2 | 0.994 | 0.065 | 15.291 | *** | 0.786 | 0.618 |
FD1 | 1.051 | 0.069 | 15.333 | *** | 0.812 | 0.659 |
Sym | SD4 | 1 | | | | 0.813 | 0.661 | 0.872 | 0.631 |
SD3 | 0.952 | 0.058 | 16.365 | *** | 0.763 | 0.583 |
SD2 | 0.93 | 0.054 | 17.073 | *** | 0.791 | 0.626 |
SD1 | 0.967 | 0.054 | 17.836 | *** | 0.811 | 0.658 |
PEU | PEU1 | 1 | | | | 0.816 | 0.665 | 0.842 | 0.641 |
PEU2 | 0.992 | 0.058 | 17.02 | *** | 0.818 | 0.668 |
PEU3 | 0.919 | 0.059 | 15.668 | *** | 0.768 | 0.589 |
PU | PU1 | 1 | | | | 0.795 | 0.632 | 0.844 | 0.644 |
PU2 | 0.946 | 0.059 | 16.097 | *** | 0.787 | 0.62 |
PU3 | 1.005 | 0.059 | 17.023 | *** | 0.826 | 0.682 |
EA | EA5 | 1 | | | | 0.793 | 0.589 | 0.900 | 0.643 |
EA4 | 1.047 | 0.057 | 18.265 | *** | 0.832 | 0.629 |
EA3 | 0.986 | 0.056 | 17.473 | *** | 0.799 | 0.693 |
EA2 | 1.017 | 0.057 | 17.965 | *** | 0.818 | 0.639 |
EA1 | 0.953 | 0.057 | 16.724 | *** | 0.768 | 0.668 |
WTB | WTB1 | 1 | | | 1 | 0.812 | 0.659 | 0.854 | 0.660 |
WTB2 | 0.955 | 0.057 | 16.614 | 0.955 | 0.792 | 0.627 |
WTB3 | 1.012 | 0.058 | 17.516 | 1.012 | 0.834 | 0.695 |
Table 18.
Correlation coefficient matrix and square roots of AVEs.
Table 18.
Correlation coefficient matrix and square roots of AVEs.
No. | Variable | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|
1 | Aes | 0.803 | | | | | | |
2 | Func | 0.523 *** | 0.790 | | | | | |
3 | Sym | 0.486 *** | 0.527 *** | 0.795 | | | | |
4 | PU | 0.511 *** | 0.576 *** | 0.526 *** | 0.801 | | | |
5 | PEU | 0.628 *** | 0.512 *** | 0.554 *** | 0.547 *** | 0.803 | | |
6 | EA | 0.610 *** | 0.556 *** | 0.504 *** | 0.493 *** | 0.639 *** | 0.802 | |
7 | WTB | 0.472 *** | 0.604 *** | 0.558 *** | 0.519 *** | 0.549 *** | 0.503 *** | 0.813 |
Table 19.
The fitness of the Korean consumer path model.
Table 19.
The fitness of the Korean consumer path model.
Fit Index | χ2/df | RMSEA | GFI | AGFI | NFI | RFI | IFI | TLI | CFI |
---|
Evaluation standard | Ideal | <3 | <0.05 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 | >0.9 |
Acceptable | <5 | <0.08 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 | >0.8 |
Structural model measurements | 1.470 | 0.034 | 0.932 | 0.914 | 0.939 | 0.929 | 0.980 | 0.976 | 0.979 |
Table 20.
Results of hypothesis testing on Korean consumers.
Table 20.
Results of hypothesis testing on Korean consumers.
No. | Path Relationship | B | β | S.E. | C.R. | p-Value | Result |
---|
H1-1 | Aes | → | PEU | 0.207 | 0.212 | 0.060 | 3.472 | *** | Pass |
H1-2 | → | PU | 0.274 | 0.271 | 0.065 | 4.199 | *** | Pass |
H1-3 | → | EA | 0.355 | 0.383 | 0.055 | 6.425 | *** | Pass |
H2-1 | Func | → | PEU | 0.379 | 0.351 | 0.072 | 5.245 | *** | Pass |
H2-2 | → | PU | 0.043 | 0.039 | 0.075 | 0.57 | 0.569 | Fail |
H2-3 | → | EA | 0.274 | 0.269 | 0.063 | 4.315 | *** | Pass |
H3-1 | Sym | → | PEU | 0.255 | 0.252 | 0.064 | 4.057 | *** | Pass |
H3-2 | → | PU | 0.200 | 0.192 | 0.063 | 3.186 | 0.001 | Pass |
H3-3 | → | EA | 0.175 | 0.183 | 0.055 | 3.186 | 0.001 | Pass |
H4-1 | PEU | → | WTB | 0.309 | 0.302 | 0.066 | 4.673 | *** | Pass |
H4-2 | PU | → | 0.277 | 0.279 | 0.075 | 3.677 | *** | Pass |
H4-3 | EA | → | 0.208 | 0.192 | 0.074 | 2.814 | 0.005 | Pass |
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