Development of the Electric Vehicles Market in Russia as a Necessary Condition for Benefiting from the Global Trend towards Transport Electrification

V. V. Semikashev (), A. Yu. Kolpakov, A. A. Yakovlev and J.-K. Rostovski
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V. V. Semikashev: Institute of Economic Forecasting, Russian Academy of Sciences
A. Yu. Kolpakov: Institute of Economic Forecasting, Russian Academy of Sciences
A. A. Yakovlev: Market Research Agency Ipsos
J.-K. Rostovski: Institute of Economic Forecasting, Russian Academy of Sciences

Studies on Russian Economic Development, 2022, vol. 33, issue 3, 274-281

Abstract: Abstract— Growing market of electric vehicles (EV) is one of the stable trends in the modern world economy. The development of EV market in Russia is a feasible direction of economic policy, as it is a way to interest international auto concerns in developing of their business in our country, which will reduce the costs of using the results of global scientific and technological progress and create an opportunity for domestic companies to integrate into the technological chain creating added value. The phased development of the electric car market should include three successive stages: 1) subsidizing pioneering use, when demand is provided by specialized support measures; 2) transition to mass use, when all elements of the market (demand, supply, and state support measures) are shifted towards the mass distribution of electric vehicles; 3) free market and reaping benefits from transport electrification. The most critical is the successful completion of the first stage, which requires the construction of a minimum sufficient charging infrastructure in large cities and key highways of the country as well as bringing annual sales to 40 000 new electric vehicles.

Keywords: electric vehicle; automotive market; transport; technologies; scientific and technological progress; investment; Paris Agreement (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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DOI: 10.1134/S1075700722030133

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