Abstract
Based on historic evidence related to technology developments that arise into the society with the promise of cutting-edge energy-efficient goods and the puisne consequences the present paper evaluates electric vehicles demand as a new technology intended to displaced the ICE and determine if a new raw material market arises with the Co2 footprint of this industry and the links with the fossil fuel derivates (Xing et al., 2019). The methodology (cross-price elasticities of demand) evaluates all the data consistently and considers evidence in order to determine if, besides the main benefits of the massive use and implementation of BEV, the impact of this new industry will cause a non-reversible effect in humanity as once was caused by the gasoline even when at that time they were provided with enough proofs relating its poisonous with several humans deceases. Nowadays the relation is given the current world industry infrastructure and its emissions/contamination can beard a new industry demand that will duplicate (or more) the raw materials demand in case of the BEV end-up as a complementary good. Exist from the governments committed and involved in this new industry clear guidelines to determine the most accurate and responsible extraction of raw materials and production from developed countries.
Presenters
Heiner CamachoStudent, Master Candidate, Seoul National University, College of Engineering, Global R&DB Centre., Gyeonggido [Kyonggi-do], South Korea
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
2022 Special Focus - Responding to Climate Change as Emergency: Governing the Climate Emergency
KEYWORDS
Battery Electric Vehicle; Internal Combustion Engine; Demand Cross Elasticity; Climate
