Explosive Growth of New Energy Vehicle Market

Aleksander Nikolayevich Zelenuk
Additional contact information
Aleksander Nikolayevich Zelenuk: Moscow State Institute of International Relations (University)

Russian Foreign Economic Journal, 2020, issue 11, 72-82

Abstract: In the article, the author examines the effect of new energy vehicle industry growth. Although the share of vehicles that run on alternative fuels in sales in the automobile market is still small, the pace of growth is quite significant. Sales growth is driven by customer demand and government policies of many countries seeking to limit carbon dioxide emissions. By 2050, European countries plan to reduce greenhouse gas emissions by 80-95% from 1990 levels that should result in a complete rejection of automobiles with internal combustion engines. Sales of such cars are expected to be banned by governments within 10-15 years. Until then, the leading automobile companies will put efforts into designing and producing new models of vehicles that do not use hydrocarbon fuel. There will also be significant changes in international trade – the structure of sales, maintenance costs, and training of service specialists

Keywords: vehicles; alternative fuels; automotive industry; international automobile trade; government policy; limit carbon dioxide emissions into the atmosphere; economic policy; automobile companies (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2020_11_72-82.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2020_11_72-82

DOI: 10.24411/2072-8042-2020-10113

Access Statistics for this article

More articles in Russian Foreign Economic Journal from Russian Foreign Trade Academy Ministry of economic development of the Russian Federation Contact information at EDIRC.
Bibliographic data for series maintained by Irina Katolik ().