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Understanding the future impacts of electric vehicles — an analysis of multiple factors that influence the market

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Wellings, Jonathan, Greenwood, David G. and Coles, Stuart R. (2021) Understanding the future impacts of electric vehicles — an analysis of multiple factors that influence the market. Vehicles, 3 (4). pp. 851-871. doi:10.3390/vehicles3040051 ISSN 2624-8921.

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Official URL: http://dx.doi.org/10.3390/vehicles3040051

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Abstract

The electric vehicle market is an increasingly important aspect of the automotive industry. However, as a relatively new technology, several issues remain present within the industry. An analysis is utilised to examine these issues, along with how they affect the industry and how they can be tackled. Several key issues that affect the electric vehicle market, as well as how efforts to address these issues influence the market, are identified. The analysis also includes the examination of ethical issues, with the issues that arise from the production of raw materials for electric vehicles. The analysis and examination of ethical issues display a wide range of problems in the industry. However, it did highlight the efforts being made to lessen the effect of these problems by various groups, such as regulation by EU and US governing bodies on the materials mined. From this analysis, this paper identifies that many of the other factors examined are directly or indirectly influenced by political and economic factors, also examined in this review. This highlights the impact that governing bodies and businesses have on a vast number of issues that are present within the market and how they can resolve the harmful factors examined.

Item Type: Journal Article
Subjects: T Technology > TL Motor vehicles. Aeronautics. Astronautics
Divisions: Faculty of Science, Engineering and Medicine > Engineering > WMG (Formerly the Warwick Manufacturing Group)
Library of Congress Subject Headings (LCSH): Electric vehicles , Electric vehicles -- Cost effectiveness , Electric vehicles -- Energy consumption , Electric vehicles -- Reliability, Electric vehicles -- Moral and ethical aspects
Journal or Publication Title: Vehicles
Publisher: MDPI
ISSN: 2624-8921
Official Date: 2 December 2021
Dates:
DateEvent
2 December 2021Published
29 November 2021Accepted
Volume: 3
Number: 4
Page Range: pp. 851-871
DOI: 10.3390/vehicles3040051
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Open Access (Creative Commons)
Date of first compliant deposit: 2 December 2021
Date of first compliant Open Access: 3 December 2021
RIOXX Funder/Project Grant:
Project/Grant IDRIOXX Funder NameFunder ID
EP/L016389/1[EPSRC] Engineering and Physical Sciences Research Councilhttp://dx.doi.org/10.13039/501100000266

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