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Electric Cars and the Economics of the Automobile Industry

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Accountant-Lecturer
Level
General public
Study
finance
School/University
California

About the document

Ipcrow L.
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documents in English
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Word
Type
case study
Pages
3 pages
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General public
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  1. Introduction
  2. Electric Cars
  3. Economics of the Automobile Industry
  4. The role of government control
  5. Social interests
  6. Conclusion

One of the main themes of the contemporary society is environmental conservation. There has been a consensus that the rates of emission of pollutant need to reduce as well as the value of sustainable development and reduced reliance on fossil fuel to reduce the volume of carbon emissions to the atmosphere. One of the proposed methods is reduction of fuel consumption by motor vehicles. Presently, there are regulations to check fuel consumption by reducing engine capacity other performance related attributes. However, the most promising field has been the renewed interest in electric and hybrid vehicles. This paper will evaluate sources about the topic and conclude that these vehicles offer a viable alternative to the existing models and the offer the society a way to reduce environmental hazards as well as supporting a platform for sustainable development.

Focus has increased on the effects if the rapid economic developments in china on the global environment. Gan studies the Chinese society, their preferences of motor vehicles and the effects of these vehicles on the environment. Gan proposes that the preferred transport model is influenced by global trends and the preferences of the society. For example, he proposed that development in urban transport is influence environmental regulations, by economic development, and technological change (Gan, 2003). For example, the article analyses the dynamic of environmental regulations regarding the exhaust of vehicles and their implications on technological development. For example, the development of electric vehicles was a response to wide spread recognition of the value of environmental conservation and the environment in contemporary society. In addition, the marketing campaign of these vehicles is based on their ability to impose minimum threats to the environment.

[...] He proposes that this need is creating the renewed interest and thus contributes to development. However, Kirsch proposes that the recent developments are the result of historical aspects. The social demand for technology drives research and development as opposed to the need to solve specific issues affecting the society. The authors also differ on the proposition of hybrid and electric cars as a solution to the problem of environmental degradation. For example, Gan proposes that motor vehicles have played a significant role in polluting cities. [...]


[...] The potential benefits of these vehicles in terms of cost and environmental benefits to the society lead to question over this slow development. For example, the article by Gan examines the need for financial incentives to encourage research and development (Gan, 2003). This implies that in his opinion, the stagnation of research is an attribute of economic barriers (Kirsch, 2000). Kirsch takes another view. According to him, the stagnation was a result of historical factors. For example, he details the initial competition between the original propulsion engines. [...]


[...] Electric Cars and the Economics of the Automobile Industry Electric Cars and the Economics of the Automobile Industry One of the main themes of the contemporary society is environmental conservation. There has been a consensus that the rates of emission of pollutant need to reduce as well as the value of sustainable development and reduced reliance on fossil fuel to reduce the volume of carbon emissions to the atmosphere. One of the proposed methods is reduction of fuel consumption by motor vehicles. [...]

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