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The impact of adopting electric vehicles on various aspects of economics

Author:

Binesh, F. and Mohd A'rifin, F. A. B.

Subject Area:

Social Sciences and Humanities

Abstract:

The electric vehicle is not a recent development. In fact, the electric vehicle has been around for over 100 years, and it has an interesting history of development that continues to the present; however the widespread adoption of electric vehicles (EVs) in place of internal combustion engine (ICE) vehicles in specific countries as a result of oil shock and recessions will have a significant impact on the global economy. The aim of this paper is estimating the possible effects of such shift in different aspects of economics as a whole.

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