The impact of electric vehicles on the automobile industry
| Thesis title in Czech: | Vliv elektrických vozidel na automobilový průmysl |
|---|---|
| Thesis title in English: | The impact of electric vehicles on the automobile industry |
| Key words: | Elektrická vozidla, Automobilový průmysl, Bassův model difúze, Křížová elasticita poptávky, Regresní analýza, Analýza trendu, Korelační analýza |
| English key words: | Electric vehicles, Automotive industry, Bass Diffusion Model, Cross elasticity of demand, Regression analysis, Trend analysis, Correlation analysis |
| Academic year of topic announcement: | 2016/2017 |
| Type of assignment: | Bachelor's thesis |
| Thesis language: | angličtina |
| Department: | Institute of Economic Studies (23-IES) |
| Supervisor: | doc. PhDr. Julie Chytilová, Ph.D. |
| Author: | hidden - assigned by the advisor |
| Date of registration: | 14.06.2017 |
| Date of assignment: | 14.06.2017 |
| Date and time of defence: | 12.06.2018 09:00 |
| Venue of defence: | Opletalova - Opletalova 26, O105, Opletalova - místn. č. 105 |
| Date of electronic submission: | 10.05.2018 |
| Date of proceeded defence: | 12.06.2018 |
| Reviewers: | PhDr. Diana Žigraiová, Ph.D. |
| URKUND check: | |
| References |
| Bibliography:
Ajanovic A. “The future of electric vehicles: prospects and impediments”. WILEY INTERDISCIPLINARY REVIEWS-ENERGY AND ENVIRONMENT. November/December 2015. p521-p536. Carley S., Graham J.D., Krause R.M., Lane B.W. “Intent to purchase a plug-in electric vehicle: A survey of early impressions in large US cites”. Transportation Research Part D: Transport and Environment, January 2013. p39-45. The Economist. “Sales of green vehicles are booming in Norway”. 18. February 2017. http://www.economist.com/news/business/21717063-ever-more-electric-cars-are-road-next-step-build-charging-network-support The Economist. “Why the future is hybrid”. 2. December 2004. http://www.economist.com/node/3422941 Feng Wei, Miguel Figliozzi. “An economic and technological analysis of the key factors affecting the competitiveness of electric commercial vehicles: A case study from the USA market”. Transportation Research: Part C. January 2013, Vol. 26. p135-145. Kraft, Thomas E. ”Electric Vehicles--A Historical Snapshot”. Tech Directions. November 2012. 4pp. Mealiea Wallace. “What Makes EVs Work?”. Electric Perspectives. September/October 2012, Vol. 37 Issue 5. p10-10. Russell Hensley, Stefan Knupfer, and Dickon Pinner. “Electrifying cars: How three industries will evolve”. McKinsey, June 2009. http://www.mckinsey.com/industries/automotive-and-assembly/our-insights/electrifying-cars-how-three-industries-will-evolve |
| Preliminary scope of work |
| Research question and motivation:
The research question I will be studying in this bachelor thesis is whether the industry of EV’s is able to be competitive. The industry of EV’s is at its beginning, but it may have a great future ahead of itself. In this thesis, I will analyse the development of the industry, its current importance and market share of EV’s nowadays. Using the methodology of the elasticity model, I will calculate the extent to which EV’s can be considered as a substitute to non-electric vehicles. These results will help us to analyse whether the EV’s may replace the non-electric cars or not. My thesis can also help to answer the question whether the EV’s can be considered as the future of the automobile industry. Contribution: As the industry is still in its early stages, there have been published many different articles with inconsistent opinions about the importance of this sector. The perspectives on the future of EV’s vary as well. I would like to summarize the real development, as well as objectively qualify the possible importance of this industry mainly for companies. My thesis can be later used in practice for further analysis of this car segment. It could also be interesting to evaluate whether the future expectations were right. Later, the extent to which we can consider the industry of EV’s as substitutes to non-electric vehicles may develop as well. This type of analysis can be beneficial for potential producers of car parts and accessories to consider adopting their program for newly growing car segment. Methodology: To answer the question of my thesis, I will use the official data of the automobile factories. These datasets are very often published monthly. There are also many other relevant data about the car market statistics. With the knowledge of sales, I will firstly analyse the market share of EV’s in comparison to the market share of non-electric cars (in percentages). These data will give us the background for the consecutive correlation analysis. The analysed question will be whether the increase in the number of EV’s is directly related to the decrease in sales of non-electric vehicles. By trend analysis and Bass Diffusion Model, it will be possible to measure the presumable future of EV’s. Very important part will be the question to which extent can EV’s be considered as substitutes to non-electric vehicles. I will use the elasticity model based on the application of the cross elasticity of demand. This model measures the impact of change in price of one good on demanded quantity of other good. Outline: Introduction History and description of EV’s Percentage comparison - market share of EV’s and comparison to the market share of non-electric vehicles Correlation analysis with the application of the results computed before Trend analysis and Bass Diffusion Model - the possible future of EV’s Application of the elasticity model - use of cross elasticity of demand to measure if we can consider the electric vehicles as substitutes to non-electric vehicles Conclusion and answering the question whether the industry of EV’s can be considered as a real competition |
| Preliminary scope of work in English |
| Research question and motivation:
The research question I will be studying in this bachelor thesis is whether the industry of EV’s is able to be competitive. The industry of EV’s is at its beginning, but it may have a great future ahead of itself. In this thesis, I will analyse the development of the industry, its current importance and market share of EV’s nowadays. Using the methodology of the elasticity model, I will calculate the extent to which EV’s can be considered as a substitute to non-electric vehicles. These results will help us to analyse whether the EV’s may replace the non-electric cars or not. My thesis can also help to answer the question whether the EV’s can be considered as the future of the automobile industry. Contribution: As the industry is still in its early stages, there have been published many different articles with inconsistent opinions about the importance of this sector. The perspectives on the future of EV’s vary as well. I would like to summarize the real development, as well as objectively qualify the possible importance of this industry mainly for companies. My thesis can be later used in practice for further analysis of this car segment. It could also be interesting to evaluate whether the future expectations were right. Later, the extent to which we can consider the industry of EV’s as substitutes to non-electric vehicles may develop as well. This type of analysis can be beneficial for potential producers of car parts and accessories to consider adopting their program for newly growing car segment. Methodology: To answer the question of my thesis, I will use the official data of the automobile factories. These datasets are very often published monthly. There are also many other relevant data about the car market statistics. With the knowledge of sales, I will firstly analyse the market share of EV’s in comparison to the market share of non-electric cars (in percentages). These data will give us the background for the consecutive correlation analysis. The analysed question will be whether the increase in the number of EV’s is directly related to the decrease in sales of non-electric vehicles. By trend analysis and Bass Diffusion Model, it will be possible to measure the presumable future of EV’s. Very important part will be the question to which extent can EV’s be considered as substitutes to non-electric vehicles. I will use the elasticity model based on the application of the cross elasticity of demand. This model measures the impact of change in price of one good on demanded quantity of other good. Outline: Introduction History and description of EV’s Percentage comparison - market share of EV’s and comparison to the market share of non-electric vehicles Correlation analysis with the application of the results computed before Trend analysis and Bass Diffusion Model - the possible future of EV’s Application of the elasticity model - use of cross elasticity of demand to measure if we can consider the electric vehicles as substitutes to non-electric vehicles Conclusion and answering the question whether the industry of EV’s can be considered as a real competition |