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The effects on the economy and environment caused by electric cars compared to the conventional ones

Author

Listed:
  • Bledea, Cosmin Codruț
  • Pop, Izabela Luiza
  • Toader, Rita Monica

Abstract

From year to year, the environment situation is worsening at an alarming rate. Air pollution has reached record levels, which is why ozone layer have come to be seriously affected. All these aspects lead to the warming of Earth and had a negative impact on people’s health. Therefore, humanity has begun to focus more and more on remedying these adverse effects through various methods, which are more or less effective. In the case of CO2 emissions that are higher than ever, the solution is a very complex one and difficult to achieve. For this reason, various alternatives have appeared: electric cars, hybrid cars, as well as those with hydrogen, compressed natural gas and bioethanol. Since electric cars are the first choice as an alternative and they have shown a great potential, the purpose of this paper is to present whether or not this alternative is really a “greener” choice or not. To achieve this purpose, a literature review and a data analysis provided by Eurostat, U.S. Department of Energy and the Organization of the Petroleum Exporting Countries were performed. The results of this study highlight that the sustainability of the electric cars is influenced by the geographical area where they are used.

Suggested Citation

  • Bledea, Cosmin Codruț & Pop, Izabela Luiza & Toader, Rita Monica, 2022. "The effects on the economy and environment caused by electric cars compared to the conventional ones," MPRA Paper 118639, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118639
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    File URL: https://mpra.ub.uni-muenchen.de/118639/1/MPRA_paper_118639.pdf
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    References listed on IDEAS

    as
    1. Virginia D. McConnell & Robert M. Schwab, 1990. "The Impact of Environmental Regulation on Industry Location Decisions: The Motor Vehicle Industry," Land Economics, University of Wisconsin Press, vol. 66(1), pages 67-81.
    2. Łukasz Sobol & Arkadiusz Dyjakon, 2020. "The Influence of Power Sources for Charging the Batteries of Electric Cars on CO 2 Emissions during Daily Driving: A Case Study from Poland," Energies, MDPI, vol. 13(16), pages 1-19, August.
    3. Laurence Kavanagh & Jerome Keohane & Guiomar Garcia Cabellos & Andrew Lloyd & John Cleary, 2018. "Global Lithium Sources—Industrial Use and Future in the Electric Vehicle Industry: A Review," Resources, MDPI, vol. 7(3), pages 1-29, September.
    4. Nathalie Ortar & Marianne Ryghaug, 2019. "Should All Cars Be Electric by 2025? The Electric Car Debate in Europe," Sustainability, MDPI, vol. 11(7), pages 1-16, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economy; Environment; Electric Cars; Sustainability;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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