Prospects of the EU electric car market

Oleg Rybalkin (), Olga Lavrinenko (), Alina Danileviča (), Evelina Budiloviča (), Günter Hofbauer () and Krzysztof Krukowski ()
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Oleg Rybalkin: Daugavpils University, Latvia
Olga Lavrinenko: Daugavpils University, Latvia
Alina Danileviča: Daugavpils University, Latvia
Evelina Budiloviča: Transport and Telecommunication Institute, Latvia
Günter Hofbauer: Technical University Ingolstadt, Germany
Krzysztof Krukowski: University of Warmia and Mazury in Olsztyn, Poland

Entrepreneurship and Sustainability Issues, 2025, vol. 12, issue 4, 202-214

Abstract: The electrification of the transport sector is pivotal in achieving the European Union's climate neutrality objectives, given its substantial contribution to greenhouse gas emissions within the region. Furthermore, this initiative aligns with the broader Sustainable Development Goals (SDGs) 9 and 11, which underscore the critical importance of fostering sustainable transport systems. However, there is a pressing need for a comprehensive index that robustly correlates with advancements toward the SDGs in general, and more specifically, the electrification of transport. Such an index would facilitate a nuanced analysis of these processes. This article introduces the Sustainable Development Green Index (SDGI), a multifaceted analytical tool that encompasses educational, economic, political, societal, and environmental dimensions. The findings presented in this study support the efficacy of the SDGI and demonstrate its significant potential for analyzing current trends while emphasizing its strong correlation with progress in transport electrification within European Union member states.

Keywords: electric car; sustainable development; green economy; SDGs (search for similar items in EconPapers)
JEL-codes: C43 L94 O52 Q20 R11 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:12:y:2025:i:4:p:202-214

DOI: 10.9770/k4967244236

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