Financial and Economic Implications of Electric Vehicle Adoption in India: A Comprehensive Analysis from Macro to Micro Perspectives
Author(s):
Dr. Vikas Kumar Jaiswal
Keywords:
Electric Vehicles (EVs), Financial implications, Economic implications, Energy demand, Oil consumption, Energy prices, Job creation, GDP growth, Trade balances, Government policies, Incentives, EV industry competitiveness, Investment landscape, Cost savings, Environmental benefits, Societal benefits, Risks
Abstract
As the world seeks to mitigate the impacts of climate change and reduce dependency on fossil fuels, the adoption of electric vehicles (EVs) has emerged as a promising solution for sustainable transportation. This paper presents a comprehensive analysis of the financial and economic implications of electric vehicle adoption at both macro and micro levels. The research focuses on investigating how EV and oil-based vehicle propulsion choices can impact financial markets and influence investor sentiments, with a specific emphasis on the stock market perspectives. The literature review synthesizes existing research on the financial consequences of EV adoption, comparing it with traditional oil-based vehicle propulsion. It examines studies related to the effects of EV market growth on energy markets, government policies and incentives supporting EV adoption, industry competitiveness, and consumer behaviour. By analysing these studies, the paper provides a holistic understanding of the financial landscape surrounding electric mobility. The research methodology encompasses both quantitative and qualitative approaches. Quantitative data is collected from various sources, including government reports, financial databases, and stock market data, to analyse the impact of EV adoption on financial markets and investor sentiments. Qualitative insights are obtained through interviews and surveys to gauge investor perspectives, sentiment shifts, and their confidence in EV-related investments. The paper delves into the macroeconomic impact of EV adoption, exploring its effects on energy demand, oil consumption, and energy prices. It evaluates the implications for job creation, GDP growth, and trade balances in the context of evolving energy and transportation sectors. Additionally, the research investigates the influence of government policies, incentives, and regulations on EV adoption and their financial ramifications. Analysing the competitiveness of the EV industry and the investment landscape provides crucial insights for investors and businesses. The study evaluates the financial indicators of leading EV manufacturers and their supply chain dynamics, comparing them with traditional automotive investments. At the micro
Article Details
Unique Paper ID: 161292

Publication Volume & Issue: Volume 10, Issue 3

Page(s): 233 - 246
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