Macro Study of Global Electric Vehicle Expansion
- Authors: Dhakal T.1, Min K.S1
-
Affiliations:
- Kangwon National University, Chuncheon Si, South Korea
- Issue: Vol 15, No 1 (2021)
- Pages: 67-73
- Section: GREEN ECONOMY
- URL: https://journals.rcsi.science/1995-459X/article/view/303345
- DOI: https://doi.org/10.17323/2500-2597.2021.1.67.73
- ID: 303345
Cite item
Abstract
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.
Keywords
About the authors
T. Dhakal
Kangwon National University, Chuncheon Si, South Korea
Author for correspondence.
Email: thakur_dhakal2003@kangwon.ac.kr
K. S Min
Kangwon National University, Chuncheon Si, South Korea
Email: ksm@kangwon.ac.kr
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