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Vlad Cârstea ()
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Vlad Cârstea: Romanian American-University, Bucharest

Romanian Economic Business Review, 2022, vol. 17, issue 2, 7-15

Abstract: When the electric vehicles and hybrid vehicles were firstly introduced the majority of people was reluctant about buying such vehicles as they were considered to be more an inconvenience than a viable clean transportation solution. But, during the recent years as the technology evolved, the advantages of owning such an automobile became more noticeable. As a result, the sales figures increased dramatically, to almost double, at the global level in 2021. Although the stats and figures look very promising, when put into context the situation changes a bit as the shortcomings of owning such a vehicle are revealed. They include the high buying costs, not enough range, the underdeveloped charging infrastructure, not to mention that recent studies have revealed that producing all the necessary batteries for all the electric cars, can lead to a global shortage of water.

Keywords: electric vehicles; environmental impact; increased sales (search for similar items in EconPapers)
Date: 2022
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Handle: RePEc:rau:journl:v:17:y:2022:i:2:p:7-15