Please note that the article was previously published in “IJEM, Volume 4, Issue 6, “Dynamics of the Global Electric Vehicle Market.”
The de-carbonization of our modern global society is moving forward at a rapid pace, with increased renewable energy supplies and the replacement of internal combustion engines (ICE) with battery electric vehicles (BEV).
The BEV market will be driven by: 1) EV power demand, 2) capacity planning for generation and grid improvements, 3) market leader advantages, 4) key minerals required and their location, and supply chain constraints, and 5) the advantages for one country to lead BEV development.
Identifying the what, why, and how of this dynamic changeover will be key for business leaders as they anticipate, understand, and exploit to improve their business during the future acceleration toward BEVs.