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Impact of Electric Vehicle Development on Energy Consumption: Risks and Opportunities for the Russian Economy

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  • J.-K. Rostovski

    (Institute of Economic Forecasting, Russian Academy of Sciences)

Abstract

— The article discusses various aspects of the impact made by the development of the electric vehicle market on the Russian economy. A model is presented for forecasting future sales and fleet of electric vehicles by the world regions. Two forecast scenarios and predictions of the global demand for energy resources from the fleet until 2050 have been developed. The directions of influence that the processes of global transition to electric vehicles may exert on the Russian economy are shown. The current plans for implementing on-going development of electric vehicles in Russia are also presented. Directions and additional new guidelines for industrial policy in this area are proposed, including taking into account the new conditions for the development of the Russian economy are discussed.

Suggested Citation

  • J.-K. Rostovski, 2023. "Impact of Electric Vehicle Development on Energy Consumption: Risks and Opportunities for the Russian Economy," Studies on Russian Economic Development, Springer, vol. 34(3), pages 353-362, June.
    • Handle: RePEc:spr:sorede:v:34:y:2023:i:3:d:10.1134_s1075700723030139
    DOI: 10.1134/S1075700723030139
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    References listed on IDEAS

    as
    1. V. V. Semikashev & A. Yu. Kolpakov & A. A. Yakovlev & J.-K. Rostovski, 2022. "Development of the Electric Vehicles Market in Russia as a Necessary Condition for Benefiting from the Global Trend towards Transport Electrification," Studies on Russian Economic Development, Springer, vol. 33(3), pages 274-281, June.
    2. Sofana Reka S & Prakash Venugopal & Ravi V & Hassan Haes Alhelou & Amer Al-Hinai & Pierluigi Siano, 2022. "Analysis of Electric Vehicles with an Economic Perspective for the Future Electric Market," Future Internet, MDPI, vol. 14(6), pages 1-17, May.
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