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An Analysis of the Global EV Market: Sustainable Pathways to Net Zero Emissions
- 1 Northwestern University
- 2 University College London
* Author to whom correspondence should be addressed.
Abstract
The rising urgency to address climate change has positioned electric vehicles (EVs) as a critical solution for achieving the United Nations' net-zero carbon emission targets. As human activities increase greenhouse gas emissions, the average global temperature continues to rise, leading to severe natural disasters in many regions. This situation underscores the urgent need to limit pollutant emissions and pursue sustainable resource management. This study analyzes the global EV market's trajectory towards sustainability, focusing on the interplay of policy frameworks and consumer engagement strategies in major EV markets, including the USA, the European Union, and China. The transition to EVs must be considered in conjunction with policy frameworks and the broader social environment. Using mixed methods and statistical models, we assess how different policies influence EV adoption and their alignment with sustainability goals. As the concept of sustainable development becomes more ingrained in society, it is promising that, through sustained policy implementation and resource development, the shift from ICE vehicles to EVs will make a crucial contribution to reducing carbon emissions. The findings provide actionable insights for optimizing policies and refining marketing strategies, offering a comprehensive blueprint for guiding the global EV market towards a sustainable future.
Keywords
electric vehicles, sustainability, net zero carbon emissions, consumer behavior, policy and market analysis
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Cite this article
Sun,S.;Li,T. (2024). An Analysis of the Global EV Market: Sustainable Pathways to Net Zero Emissions. Journal of Applied Economics and Policy Studies,11,67-80.
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