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Prospects of the EU electric car market

Author

Listed:
  • Oleg Rybalkin

    (Daugavpils University, Latvia)

  • Olga Lavrinenko

    (Daugavpils University, Latvia)

  • Alina Danileviča

    (Daugavpils University, Latvia)

  • Evelina Budiloviča

    (Transport and Telecommunication Institute, Latvia)

  • Günter Hofbauer

    (Technical University Ingolstadt, Germany)

  • Krzysztof Krukowski

    (University of Warmia and Mazury in Olsztyn, Poland)

Abstract

The electrification of the transport sector is pivotal in achieving the European Union's climate neutrality objectives, given its substantial contribution to greenhouse gas emissions within the region. Furthermore, this initiative aligns with the broader Sustainable Development Goals (SDGs) 9 and 11, which underscore the critical importance of fostering sustainable transport systems. However, there is a pressing need for a comprehensive index that robustly correlates with advancements toward the SDGs in general, and more specifically, the electrification of transport. Such an index would facilitate a nuanced analysis of these processes. This article introduces the Sustainable Development Green Index (SDGI), a multifaceted analytical tool that encompasses educational, economic, political, societal, and environmental dimensions. The findings presented in this study support the efficacy of the SDGI and demonstrate its significant potential for analyzing current trends while emphasizing its strong correlation with progress in transport electrification within European Union member states.

Suggested Citation

  • Oleg Rybalkin & Olga Lavrinenko & Alina Danileviča & Evelina Budiloviča & Günter Hofbauer & Krzysztof Krukowski, 2025. "Prospects of the EU electric car market," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 12(4), pages 202-214, June.
    • Handle: RePEc:ssi:jouesi:v:12:y:2025:i:4:p:202-214
    DOI: 10.9770/k4967244236
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    More about this item

    Keywords

    electric car; sustainable development; green economy; SDGs;
    All these keywords.

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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