Did Electric Vehicle Sales Skyrocket Due to Increased Environmental Awareness While Total Vehicle Sales Declined during COVID-19?
Journal
Sustainability
Type
journal article
Date Issued
2021-12-15
Author(s)
Abstract
Since the beginning of 2020, the COVID-19 pandemic has posed a global threat to humankind. In addition to many cases of illness and millions of deaths, the economy has suffered. Not surprisingly, vehicle sales have declined sharply in most countries by up to 25%. However, the overall sales of electric vehicles (EVs) did not stall; instead, they increased to previously forecasted levels. Is this increase evidence that COVID-19 has promoted sustainable action and strengthened environmental awareness, as researchers have discussed in recently published articles? Or is this merely the effect of monetary incentives by governments, as has been demonstrated in scientific research? This study examines the causes behind the surprising continuous climb of EV sales despite the outbreak of the pandemic by contrasting the influence of COVID-19 on environmental concerns and the usual monetary incentives with their potential complementary effects.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
Global Center for Customer Insight
Refereed
Yes
Start page
1
End page
19
Pages
19
Subject(s)
Division(s)
Eprints ID
265082
File(s)![Thumbnail Image]()
Loading...
open.access
Name
2021 Sustainability COVID 19 - EVs.pdf
Size
10.53 MB
Format
Adobe PDF
Checksum (MD5)
3fed3375f20c339b06062d04fbbae9e7