AUTOMOTIVE MARKET CHARACTERISTICS WITH SPECIAL REFERENCE TO THE ELECTRIC VEHICLE MARKET
Ever since the automobile has been invented, the automotive industry has been the generator of numerous technological improvements which, due to obligatory environmental protection legislation and limited energy resources, are more and more focused on to use of electric power. In this sense, electri...
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| Format: | Article |
| Language: | English |
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Šibenik University of Applied Sciences
2021-12-01
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| Series: | Elektronički Zbornik Radova Veleučilišta u Šibeniku |
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| Online Access: | https://hrcak.srce.hr/en/clanak/388949 |
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| _version_ | 1846092670597857280 |
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| author | Josipa Višić Ivana Stanić |
| author_facet | Josipa Višić Ivana Stanić |
| author_sort | Josipa Višić |
| collection | DOAJ |
| description | Ever since the automobile has been invented, the automotive industry has been the generator of numerous technological improvements which, due to obligatory environmental protection legislation and limited energy resources, are more and more focused on to use of electric power. In this sense, electric cars represent an important segment of the observed market, and over time, it is expected that all producers will focus on this type of vehicle. Following the above, the paper investigates the characteristics of the automotive market with special emphasis on the electric car market. The results of the research based on analysis of Pearson correlation coefficient calculated by using data collected from Companies market cap and Statista show that the value of the companies’ stock price in the observed market in the period from 2010 to 2020 is not correlated with each observed year with the number of sold cars. However, by using the Herfindahl-Hirschman index and concentration ratio (CR4) calculated by using data collected from Knoema, it is confirmed that competition forces the most important participants in the internal combustion car market to rapidly restructure and focus on electric cars in order not to lose the existing market share. Finally, regression analysis of data collected from the International Energy Agency proved that the price of a battery per kilowatt-hour is one of the important factors in the development of the electric car industry, while additional descriptive analysis provides detailed insight into different variables determining the level of sales of electric vehicles. |
| format | Article |
| id | doaj-art-b16d58e8532e429c8cdcc97da3013c9f |
| institution | Kabale University |
| issn | 1846-6699 1846-6656 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | Šibenik University of Applied Sciences |
| record_format | Article |
| series | Elektronički Zbornik Radova Veleučilišta u Šibeniku |
| spelling | doaj-art-b16d58e8532e429c8cdcc97da3013c9f2025-01-02T20:47:22ZengŠibenik University of Applied SciencesElektronički Zbornik Radova Veleučilišta u Šibeniku1846-66991846-66562021-12-01153-43957https://doi.org/10.51650/ezrvs.15.3-4.4AUTOMOTIVE MARKET CHARACTERISTICS WITH SPECIAL REFERENCE TO THE ELECTRIC VEHICLE MARKETJosipa Višić0Ivana Stanić1University of Split, Faculty of Economics, Business and TourismUniversity of Split, Faculty of Economics, Business and TourismEver since the automobile has been invented, the automotive industry has been the generator of numerous technological improvements which, due to obligatory environmental protection legislation and limited energy resources, are more and more focused on to use of electric power. In this sense, electric cars represent an important segment of the observed market, and over time, it is expected that all producers will focus on this type of vehicle. Following the above, the paper investigates the characteristics of the automotive market with special emphasis on the electric car market. The results of the research based on analysis of Pearson correlation coefficient calculated by using data collected from Companies market cap and Statista show that the value of the companies’ stock price in the observed market in the period from 2010 to 2020 is not correlated with each observed year with the number of sold cars. However, by using the Herfindahl-Hirschman index and concentration ratio (CR4) calculated by using data collected from Knoema, it is confirmed that competition forces the most important participants in the internal combustion car market to rapidly restructure and focus on electric cars in order not to lose the existing market share. Finally, regression analysis of data collected from the International Energy Agency proved that the price of a battery per kilowatt-hour is one of the important factors in the development of the electric car industry, while additional descriptive analysis provides detailed insight into different variables determining the level of sales of electric vehicles.https://hrcak.srce.hr/en/clanak/388949automotive marketelectric vehiclelithium-ion batteryenvironmental protection |
| spellingShingle | Josipa Višić Ivana Stanić AUTOMOTIVE MARKET CHARACTERISTICS WITH SPECIAL REFERENCE TO THE ELECTRIC VEHICLE MARKET Elektronički Zbornik Radova Veleučilišta u Šibeniku automotive market electric vehicle lithium-ion battery environmental protection |
| title | AUTOMOTIVE MARKET CHARACTERISTICS WITH SPECIAL REFERENCE TO THE ELECTRIC VEHICLE MARKET |
| title_full | AUTOMOTIVE MARKET CHARACTERISTICS WITH SPECIAL REFERENCE TO THE ELECTRIC VEHICLE MARKET |
| title_fullStr | AUTOMOTIVE MARKET CHARACTERISTICS WITH SPECIAL REFERENCE TO THE ELECTRIC VEHICLE MARKET |
| title_full_unstemmed | AUTOMOTIVE MARKET CHARACTERISTICS WITH SPECIAL REFERENCE TO THE ELECTRIC VEHICLE MARKET |
| title_short | AUTOMOTIVE MARKET CHARACTERISTICS WITH SPECIAL REFERENCE TO THE ELECTRIC VEHICLE MARKET |
| title_sort | automotive market characteristics with special reference to the electric vehicle market |
| topic | automotive market electric vehicle lithium-ion battery environmental protection |
| url | https://hrcak.srce.hr/en/clanak/388949 |
| work_keys_str_mv | AT josipavisic automotivemarketcharacteristicswithspecialreferencetotheelectricvehiclemarket AT ivanastanic automotivemarketcharacteristicswithspecialreferencetotheelectricvehiclemarket |