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The Role of the Electric Vehicle Industry in Advancing Green Economic Growth

In: Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)

Author

Listed:
  • Shunzhuo E

    (Chatham-Kent Secondary School)

Abstract

Global carbon emissions have increased notably over the past decade, leading to environmental issues such as climate change. The electric vehicle (EV) industry has emerged as a sustainable solution to the environment. This paper examines the crucial role of the EV industry in promoting green economic growth. It explores the green attributes of the EV industry, including its potential for zero carbon emissions. It introduces the green economic development theory and its factors, such as technological innovations, policy support, and corporate social responsibility (CSR). Then, the paper analyzes EV-driven pathways to green economic growth from aspects like energy structure transformation, green industrial chains, circular economy, and technological innovation. The findings suggest that EVs play a significant role in green economy development. This has a positive impact on green economy. To maximize the positive impacts of EVs on green economic growth, it is vital to have comprehensive policy support, efficient resource utilization, and technological innovation.

Suggested Citation

  • Shunzhuo E, 2026. "The Role of the Electric Vehicle Industry in Advancing Green Economic Growth," Advances in Economics, Business and Management Research, in: Xiongfeng Pan & Huaping Sun & Abdul Rauf & Md Rabiul Islam & Liew Chee Yoong (ed.), Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026), pages 686-692, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6239-642-5_68
    DOI: 10.2991/978-94-6239-642-5_68
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