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The impact of global trends on the electric vehicle market in Russia: Challenges, opportunities and directions of development

Vol. 17, Iss. 5, MAY 2021

Received: 18 March 2021

Received in revised form: 1 April 2021

Accepted: 16 April 2021

Available online: 14 May 2021

Subject Heading: ENERGY SECURITY

JEL Classification: L94, O14, O32, P28, Q42

Pages: 913–939

https://doi.org/10.24891/ni.17.5.913

Tat'yana S. REMIZOVA Financial Research Institute of Ministry of Finance of Russian Federation (FRI), Moscow, Russian Federation
tttatia@yandex.ru

ORCID id: not available

Dmitrii B. KOSHELEV Rosseti Yantar, Kaliningrad, Russian Federation
dmk79@list.ru

ORCID id: not available

Subject. The article reviews various transport electrification scenarios, which would help reduce the CO2 emissions and environmental threats. The environmental and economic security can also be affected if the State insufficiently understands the importance of electric vehicle development, their popularization. It is also crucial to encourage the consumption, develop the infrastructure, innovative projects, which reshape the power engineering structure.
Objectives. We determine how global trends influence the production and integration of electric vehicles in Russia. We also evaluate the environmental and cost effectiveness of morot vehicle electrification, opportunities and trajectories for the electric vehicle development nationwide.
Methods. The study involves methods used to summarize regulatory, empirical and theoretical data, and general and partial scientific methods and techniques, such as abstraction, analysis, analogy, etc.
Results. The article shows the extent of electric transport development worldwide, and focuses on environmental issues and opportunities to reduce the carbon footprint by using electric vehicles and renewable energy sources. We point out opportunities, threats, prospects and disadvantages of the electric vehicle use in Russia. The article indicates how the use of electric cars can be developed in Russia, considering changes in the production structure and the generation of positive effects as much as possible.
Conclusions. Currently, Russia evidently lags behind the global production and use of electric cars, without having a priority of the carbon footprint reduction. The strategy for the car segment advancement is underdeveloped. Suggested herein, the ideas for the electric car segment development are aimed to encourage the consumption, production, advancement of infrastructure and innovative projects, and ensure the environmental security of the country.

Keywords: carbon-free economy, CO2 emissions, electric vehicles, charging infrastructure

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