New Energy Vehicles from the Perspective of Market and Environment

Author:

Hasan Fakhrul1ORCID,Islam Mohammad Raijul2ORCID

Affiliation:

1. 1Lecturer in Accounting and Finance, Liverpool Hope Business School, Liverpool Hope University, Liverpool, United Kingdom .

2. 2MSc Management and International Business, Nottingham Business School, Nottingham Trent University, Nottingham, United Kingdom .

Abstract

New energy vehicles have received extensive attention from consumers in today's society. In recent years, the strong rise of pure electric vehicles and hybrid vehicles has brought considerable changes to the entire automotive market. This research mainly focuses on the theme of new energy vehicles and explores the competitive advantages and challenges of new energy vehicles for traditional vehicles from both market and environmental perspectives. This research adopts the method of secondary research, collects data and information from websites, books, journals and academic papers, uses quantitative analysis to analyze the sales and share of new energy vehicles in the global and Chinese markets, and explores the impact of new energy vehicles on the traditional Challenges and impacts of automotive-related industries, exploring the impact of new energy vehicles on the environment and energy, and our results shows that the competitive advantages of new energy vehicles mainly lie in: energy saving and environmental protection, government policy support, and future trends.

Publisher

Enviro Research Publishers

Reference20 articles.

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3. 3. China Association of Automobile Manufacturers, 2021. May 2021 new energy vehicles continue to set historical production and sales records for the month [WWW Document]. CAA. URL http://www.caam.org.cn/chn/4/cate_32/con_5234079.html (accessed 9.5.21).

4. 4. Fang, Q., 2019. The impact of new energy vehicle technology development trend on the traditional automobile industry. Consume Guide, (51) (1672-5719), pp.25-36.

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