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Economic Growth Study and Inferences From Developments in E-Mobility

Economic Growth Study and Inferences From Developments in E-Mobility
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Author(s): Sharada Prasad N. (Department of Electrical and Electronics Engineering, RNS Institute of Technology, Bangalore, India), Chandravadan Goritiyal (Department of Operations, Prin. L.N. Welingkar Institute of Management Development and Research, Mumbai, India), Nagella Venkata Ramana (Department of Management Studies, Madanapalle Institute of Technology and Science, Madanapalle, India), Ashok Matcha (International Institute of Business Studies), P. Sukania (Department of Mathematics, R.M.K. Engineering College, Chennai, India)and S. Boopathi (Mechanical Engineering, Muthayammal Engineering College, Namakkal, India)
Copyright: 2024
Pages: 22
Source title: A Sustainable Future with E-Mobility: Concepts, Challenges, and Implementations
Source Author(s)/Editor(s): Lakshmi D. (VIT Bhopal University, India), Neelu Nagpal (Maharaja Agrasen Institute of Technology, India), Neelam Kassarwani (Maharaja Agrasen Institute of Technology, India), Vishnu Varthanan G. (VIT Bhopal University, India)and Pierluigi Siano (University of Salerno, Italy)
DOI: 10.4018/979-8-3693-5247-2.ch010

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Abstract

The e-mobility transition is a significant shift in transportation due to technological advancements, environmental concerns, and changing consumer preferences. This chapter analyzes the opportunities, challenges, and policy implications of e-mobility, focusing on its potential to drive economic growth and sustainability. Key themes include job creation, industrial innovation, infrastructure development, reduced fuel costs, increased productivity, and enhanced competitiveness. The investment landscape is examined, with private sector investments, funding trends, and venture capital activity. Market analysis, consumer trends, and regulatory frameworks are discussed, along with challenges like infrastructure deployment and adoption barriers. Future trends include increased electrification, charging infrastructure expansion, and integration with renewable energy sources. Policy recommendations emphasize investment, regulatory support, and skills development.

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