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dc.contributor.authorArnob, Archi
dc.description.abstractThe primary goal of this study is to observe the relationship between the fluctuation of the oil price and the increasing number of sales of electric vehicles based on data from 20 developed and developing countries. As the number of electric vehicles on the market is growing, the demand in the world oil market is declining slightly and, as a result, oil prices are also declining due to several factors. Consumer theory tells us that oil prices could decline due to a rise in the number of electric vehicles sold. Electric vehicles can minimize carbon dioxide emissions and pollutants even when considering indirect emissions from power production and battery generation. Soon, the world may start banning regular gasoline vehicles as a part of the solution to climate change which has already started in Norway. The result shows us there is a slight negative relationship between the oil price and sales of electric vehicles. I can expect that the sales of electric vehicles will keep increasing and after a certain time, it will become a perfect substitute for regular gasoline vehicles.en_US
dc.rightsAttribution 4.0 International*
dc.subjectElectric vehicleen_US
dc.subjectoil priceen_US
dc.subjectclimate changeen_US
dc.titleEffect of electric vehicle sales on the price of oilen_US
dc.typeSenior Projecten_US
dc.description.institutionSUNY Plattsburghen_US
dc.description.departmentEconomics and Financeen_US

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Attribution 4.0 International
Except where otherwise noted, this item's license is described as Attribution 4.0 International