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Title | Development of the US electric car market: macroeconomic determinants and forecasts |
Authors |
Sotnyk, Iryna Mykolaivna
Hulak, D. Yakushev, O. Prokopenko, Olha Volodymyrivna Yevdokymov, Andrii Valeriiovych |
ORCID |
http://orcid.org/0000-0001-5787-2481 |
Keywords |
development policy electromobility transport sector modeling forecast market |
Type | Article |
Date of Issue | 2020 |
URI | https://essuir.sumdu.edu.ua/handle/123456789/82713 |
Publisher | Instytut Gospodarki Surowcami Mineralnymi i Energią Polskiej Akademii Nauk |
License | Creative Commons Attribution 4.0 International License |
Citation | Sotnyk, I., Hulak, D., Yakushev, O., Yakusheva, O., Prokopenko, O. V., Yevdokymov, A. (2020). Development of the US electric car market: macroeconomic determinants and forecasts. Polityka Energetyczna – Energy Policy Journal, 23(3), 147-164. https://doi.org/10.33223/epj/127921 |
Abstract |
Сan be explained by the small share of electric cars in the US market. The formed multifactor linear
model showed a positive impact of both the country’s GDP growth and electricity consumption increase on the number of electric vehicles sold. However, the rise in household incomes negatively influences market development due to insufficient consumer awareness of the electric transport operation
benefits, an underdeveloped network of electric vehicle charging stations, etc. Based on the obtained
multifactor model, the authors have built optimistic, optimal and pessimistic scenarios for the US
electric vehicle market deployment for the next five years. In order to implement the most favorable
scenarios, recommendations for market development factors’ management have been made. The results of the study can be used to improve public policy in the US transport and energy sectors, as well
as in other countries to optimize the fuel and energy balance, strengthen the energy independence of
states by developing clean transport and adapting the model to national specifics. |
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