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The Impact of Electric Vehicles on the Automotive Industry and Global Economy
Ariel Alagos (0079320)
Johan (0078080)
Michael Waraney Palit (0079651)
Northern Lights College
ECON 105: Brandon Mackinnon
October 29, 2023
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The Impact of Electric Vehicles on the Automotive Industry and Global Economy
The reason for choosing this topic is to know more about why there are so many
electric cars and how it will affect the automobile industry, especially for the production of
petrol cars now or in the future. Subtopics that we are going to discuss :
1. Companies nowadays are competing with each other to make better electric cars.
2. The production of electric cars impacts the supply and demand of petrol cars.
3. Electric cars affect oil consumption.
4. What are the factors people buy electric cars?
Outline :
1. Introduction
In this section, we will explain about:
a. What are electric vehicles (EVs)?
b. Why are EVs important for the auto industry and the world economy?
2. Benefits of Electric Vehicles
In this section, we will explain about:
a. How EVs help the environment
b. Cost savings for consumers and businesses
c. Technological advancements in EVs
3. Impact on Auto Industry
In this section, we will explain about:
a.
How EVs change traditional car companies.
b.
New companies entering the EV market.
c.
Changes in car manufacturing
4. Economic Implications
In this section, we will explain about:
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a. Job creation and shifts in the job market
b. Effects on oil and energy markets
c. Impact on industries related to EVs (like batteries)
5. Conclusion
In this section, we will explain about:
a. Summarize the main findings
b. Discuss the overall impact of EVs
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Preliminary List of References
Alternative Fuels Data Center: Electric vehicle benefits and considerations. (n.d.).
https://afdc.energy.gov/fuels/electricity_benefits.html
Alternative Fuels Data Center: How do All-Electric Cars work? (n.d.).
https://afdc.energy.gov/vehicles/how-do-all-electric-cars-work
Günther, H., Kannegiesser, M., & Autenrieb, N. (2015). The role of electric vehicles for
supply chain sustainability in the automotive industry. Journal of Cleaner Production,
90, 220–233. https://doi.org/10.1016/j.jclepro.2014.11.058
Ritz, E. (2022, November 15). The economic consequences of electric vehicles - The
Economics Review at USC. The Economics Review at USC.
https://usceconreview.com/2022/11/14/the-economic-consequences-of-electricvehicles/amp/