Fossil Fuel-Based versus Electric Vehicles: A Volatility Spillover Perspective Regarding the Environment
Shailesh Rastogi,
Jagjeevan Kanoujiya,
Satyendra Pratap Singh
et al.
Abstract:Due to environmental concerns, electric vehicles (EVs) are gaining traction over fossil fuel-based vehicles. For electronic devices, including vehicles, copper is the key material used for building. This situation draws attention to the impact of copper prices, crude oil prices, and exchange rates on the economic viability of using EVs over fossil fuels. We use the volatility spillover effect (VSE) to determine the financial viability of these two types of vehicles in the context of environmental issues. Daily… Show more
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