Challenges of the Electric Vehicle Markets in Emerging Economies

  • Ferenc Meszaros Department of Transport Technology and Economics, Faculty of Transportation Engineering and Vehicle Engineering, Budapest University of Technology and Economics, H-1111 Budapest, Műegyetem rkp. 3., Hungary
  • Mohamad Shatanawi Department of Transport Technology and Economics, Faculty of Transportation Engineering and Vehicle Engineering, Budapest University of Technology and Economics, H-1111 Budapest, Műegyetem rkp. 3., Hungary
  • Gabriel Ayobami Ogunkunbi Department of Transport Technology and Economics, Faculty of Transportation Engineering and Vehicle Engineering, Budapest University of Technology and Economics, H-1111 Budapest, Műegyetem rkp. 3., Hungary

Abstract

Electric mobility is an emerging market around the world. Electric vehicles have remarkable environmental gains compared to conventional vehicles, they contribute to decreasing fossil energy dependence, but they need huge investments in charging infra-structure and their market price is much above regular ones. The conditions for market penetration are generally critical in emerging economies, where the purchasing power is far below that of developed economies. In addition, further technical and regulatory barriers hinder the market uptake and augmentation. This paper aims to discover and analyze the current market conditions of electric vehicles in selected emerging economies and to set up augmentation pathways, based on experiences in developed and in developing countries.

Keywords: electric vehicles, electric mobility, charging infrastructure
Published online
2020-02-12
How to Cite
Meszaros, F., Shatanawi, M. and Ogunkunbi, G. (ONLINE) “Challenges of the Electric Vehicle Markets in Emerging Economies”, Periodica Polytechnica Transportation Engineering. https://doi.org/10.3311/PPtr.14037.
Section
Articles