2020
DOI: 10.3390/su12145813
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Prospects for Electric Vehicles

Abstract: The transformation from conventional vehicles to electric vehicles is underway, but its timeline is still uncertain. The battle against climate change provides the essential backdrop, leading governments to encourage this transformation by providing both consumer incentives to purchase electric vehicles and by establishing regulations requiring automakers to produce them. Behind this prodding are a set of fundamental forces that both encourage and discourage consumer interest, as set forth in the text. Fortuna… Show more

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Cited by 49 publications
(23 citation statements)
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“…The motivation for this research is: Most of the work in the literature investigates the consumer adoption of EVs [28,29,31,[34][35][36], barriers in adoption of EVs [25,34,[37][38][39], and other issues related to EVs (carbon emission policies, fast charging infrastructure, perceived values, tax rebate policies, etc.) [23,27,[40][41][42][43][44][45][46]. However, the literature lacks studies about consumer motivation related to electric vehicles.…”
Section: Introductionmentioning
confidence: 99%
“…The motivation for this research is: Most of the work in the literature investigates the consumer adoption of EVs [28,29,31,[34][35][36], barriers in adoption of EVs [25,34,[37][38][39], and other issues related to EVs (carbon emission policies, fast charging infrastructure, perceived values, tax rebate policies, etc.) [23,27,[40][41][42][43][44][45][46]. However, the literature lacks studies about consumer motivation related to electric vehicles.…”
Section: Introductionmentioning
confidence: 99%
“…To combat the arising transportation-related environmental problems, such as traffic noise, air pollution, and CO 2 emission, it is necessary to pursue technological development in vehicles [2,4]. Advancement in the vehicle technology has been shifting vehicles' engines from traditional internal combustion to electric ones [5][6][7]. The worldwide sales of EVs have been increasing dramatically, underpinned by the supported transportation policies [8].…”
Section: Introductionmentioning
confidence: 99%
“…Comparing the price of both medium-sized cars, the EV costs 40% more than a conventional ICE [71]. Nevertheless, recent studies show that the price of batteries begins to decrease: at the end of 2019 the prices were around USD 200/kWh, a 50% USD 100/kWh decrease is expected by 2030 [72]. With the aim of promoting the EV deployment, many countries have offered different measures to provide economic incentives.…”
Section: Renewable Potential and Integration Targetsmentioning
confidence: 99%