Abstract
The electric vehicle market is an increasingly important aspect of the automotive industry. However, as a relatively new technology, several issues remain present within the industry. An analysis is utilised to examine these issues, along with how they affect the industry and how they can be tackled. Several key issues that affect the electric vehicle market, as well as how efforts to address these issues influence the market, are identified. The analysis also includes the examination of ethical issues, with the issues that arise from the production of raw materials for electric vehicles. The analysis and examination of ethical issues display a wide range of problems in the industry. However, it did highlight the efforts being made to lessen the effect of these problems by various groups, such as regulation by EU and US governing bodies on the materials mined. From this analysis, this paper identifies that many of the other factors examined are directly or indirectly influenced by political and economic factors, also examined in this review. This highlights the impact that governing bodies and businesses have on a vast number of issues that are present within the market and how they can resolve the harmful factors examined.
Highlights
As a relatively new technology, several issues remain present within the industry
The electric vehicle market covers a wide range of vehicles and processes, including battery electric vehicles (BEVs), fuel cell-powered vehicles and hybrid vehicles, which typically combine one of the previous technologies with an internal combustion engine
One major ethical concern regarding the electric vehicle market relates to the sources for several major raw materials
Summary
To properly examine these areas, the research needs a question to formulate the search around. Scientific databases of papers and journals, such as Science Direct, were utilised to examine a range of published pieces relating to the various factors examined in this analysis Search engines, such as Google and Bing, were used, this was to access organisation websites for the information present there, including the government websites of the United Kingdom or company websites such as Vehicles 2021, 3 those owned by Umicore. Environmental impacts, LCA, global warming potential, GWP These keywords were used in conjunction with the limitations of the search to find appropriate data for the review, with the different search functions when considering whether the search term was present in the title or bulk text. This process was enhanced in the digital sources with the use of the find function to search the texts more thoroughly for appropriate keywords
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