Macro Study of Global Electric Vehicle Expansion
This study analyzes the diffusion of battery electric vehicles (BEV) in the world and evaluates the vehicle charging stations based on the European Union (EU) scenario. Initially, the global BEV sales data from 2005 to 2018 are fitted with the two most frequently used econometric logistics and Bass...
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| Format: | Article |
| Language: | English |
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National Research University Higher School of Economics
2021-03-01
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| Series: | Foresight and STI Governance |
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| Online Access: | https://foresight-journal.hse.ru/article/view/19272 |
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| _version_ | 1849703879912980480 |
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| author | Thakur Dhakal Kyoung-Soon Min |
| author_facet | Thakur Dhakal Kyoung-Soon Min |
| author_sort | Thakur Dhakal |
| collection | DOAJ |
| description |
This study analyzes the diffusion of battery electric vehicles (BEV) in the world and evaluates the vehicle charging stations based on the European Union (EU) scenario. Initially, the global BEV sales data from 2005 to 2018 are fitted with the two most frequently used econometric logistics and Bass diffusion models. Further, the study identifies the different stage adopters, forecasts the consumption of BEVs, and examines the velocity and acceleration of BEV diffusion. Finally, future charging stations are examined to meet the BEV sales demand. Results suggest that the adoption of BEVs demonstrates a better fit on the Bass model where the global BEV market is estimated to grow from 5,3 millions in 2019 to near 40 millions units by 2030, and with the reference of the EU countries’ adoption scenario, the global charging stations will be increased from near 2 millions in 2019 to near 10 millions units by 2030.
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| format | Article |
| id | doaj-art-bb5a487b2e7f422d9fedbf3ba4923e18 |
| institution | DOAJ |
| issn | 2500-2597 |
| language | English |
| publishDate | 2021-03-01 |
| publisher | National Research University Higher School of Economics |
| record_format | Article |
| series | Foresight and STI Governance |
| spelling | doaj-art-bb5a487b2e7f422d9fedbf3ba4923e182025-08-20T03:17:02ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972021-03-0115110.17323/2500-2597.2021.1.67.73Macro Study of Global Electric Vehicle ExpansionThakur Dhakal0Kyoung-Soon Min1Kangwon National University, Chuncheon Si, South KoreaKangwon National University, Chuncheon Si, South Korea This study analyzes the diffusion of battery electric vehicles (BEV) in the world and evaluates the vehicle charging stations based on the European Union (EU) scenario. Initially, the global BEV sales data from 2005 to 2018 are fitted with the two most frequently used econometric logistics and Bass diffusion models. Further, the study identifies the different stage adopters, forecasts the consumption of BEVs, and examines the velocity and acceleration of BEV diffusion. Finally, future charging stations are examined to meet the BEV sales demand. Results suggest that the adoption of BEVs demonstrates a better fit on the Bass model where the global BEV market is estimated to grow from 5,3 millions in 2019 to near 40 millions units by 2030, and with the reference of the EU countries’ adoption scenario, the global charging stations will be increased from near 2 millions in 2019 to near 10 millions units by 2030. https://foresight-journal.hse.ru/article/view/19272businessdiffusionpotential marketelectric vehicle |
| spellingShingle | Thakur Dhakal Kyoung-Soon Min Macro Study of Global Electric Vehicle Expansion Foresight and STI Governance business diffusion potential market electric vehicle |
| title | Macro Study of Global Electric Vehicle Expansion |
| title_full | Macro Study of Global Electric Vehicle Expansion |
| title_fullStr | Macro Study of Global Electric Vehicle Expansion |
| title_full_unstemmed | Macro Study of Global Electric Vehicle Expansion |
| title_short | Macro Study of Global Electric Vehicle Expansion |
| title_sort | macro study of global electric vehicle expansion |
| topic | business diffusion potential market electric vehicle |
| url | https://foresight-journal.hse.ru/article/view/19272 |
| work_keys_str_mv | AT thakurdhakal macrostudyofglobalelectricvehicleexpansion AT kyoungsoonmin macrostudyofglobalelectricvehicleexpansion |