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All Journal Proceeding of International Conference on Entrepreneurship (IConEnt)
Tan, Pauline
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Economics, Econometrics & Finance

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The Pattern of Electric Vehicle Demand among the Upper-middle Income Class in Indonesia Tan, Pauline
Proceeding of International Conference on Entrepreneurship (IConEnt) Vol 3 (2023): Proceeding of 3rd International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

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Abstract

Electric vehicles have emerged as a very promising solution as awareness of the effects of fossil fuel vehicles on air pollution and climate change has increased. Electric vehicles are not only changing the way we move, but they are also changing many aspects of our lives, from the environment to the economy and public health.As of 2023, the global market size for electric vehicles has reached USD 388.1 billion and is expected to continue to grow to USD 951.9 billion by 2030 (Marketsandmarkets, 2023). With the increasing technology, environmental awareness, and government policies, electric vehicles are becoming a promising choice as a sustainable transportation. As consumers and industries become more aware of climate change and air pollution, they are starting to switch to electric vehicles to reduce carbon emissions. This has led to the growing electric vehicle market with innovation and investment around the world.
The Pattern of Electric Vehicle Demand among the Upper-middle Income Class in Indonesia Tan, Pauline
Proceedings of the International Conference on Entrepreneurship (IConEnt) Vol. 3 (2023): Proceedings of the 3rd International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Electric vehicles have emerged as a very promising solution as awareness of the effects of fossil fuel vehicles on air pollution and climate change has increased. Electric vehicles are not only changing the way we move, but they are also changing many aspects of our lives, from the environment to the economy and public health.As of 2023, the global market size for electric vehicles has reached USD 388.1 billion and is expected to continue to grow to USD 951.9 billion by 2030 (Marketsandmarkets, 2023). With the increasing technology, environmental awareness, and government policies, electric vehicles are becoming a promising choice as a sustainable transportation. As consumers and industries become more aware of climate change and air pollution, they are starting to switch to electric vehicles to reduce carbon emissions. This has led to the growing electric vehicle market with innovation and investment around the world.
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