Determinants of Growth of the Electric Car Market – Investigating on the Truck Market

Abstract

Purpose:The market for electric vehicles is growing steadily. Planned growth and market share of this type of vehicles are expected to change the face of global roads diametrically in the near future. Manufacturers as well as governments of individual countries are introducing new solutions and directions of development in order to support electromobility, strive for decarbonization and make transport, which is responsible for a large part of air pollution and other external costs, as environmentally neutral as possible. Therefore, it seems important to indicate the determinants, trends and barriers observed in the electric vehicle market, with particular emphasis on the truck market. The aim of the article is to present trends and barriers in the development of the market for electric vehicles and charging infrastructure for this type of vehicles. Design/Methodology/Approach: In the paper was used the method of critical analysis of scientific literature and quantitative methods. The following were used for this purpose materials and reports from available public databases, statistical offices and official websites of European organizations and companies dealing with electromobility and sustainable development based on alternative energy sources. Findings: The most important findings include: forecasts of the development of the electric freight vehicle market, identification of a catalogue of barriers and benefits and their interrelationships, and identification of opportunities to eliminate barriers to development through identification and awareness of the role of individual stakeholders. Practical Implications: The practical implications relate to showing companies what are the positive aspects of introducing electric vehicles into an organisation's fleet.Originality/value: The novelty and originality of the considerations is the inclusion of the same categories of barriers and development trends in the context of the development of the electric car market. As well as considering these categories from two perspectives. Some of the barriers may very quickly turn into benefits, but also benefits may quickly lose their potential if the barriers are not eliminated.