Electric Vehicles Industry in Emerging Countries: Barriers and Environmental Opportunities

Abstract

Globalization in Automobile industry is one of the significant discussions nowadays in emerging countries. Conventional car manufacturing in emerging countries has got a great share of global market for many years. Global environmental concerns, climate change due to negative effects of carbon emissions and greenhouse gases lead to increasing the importance of overview the non-renewable fuels consumption patterns to achieve sustainability. Consequently, most countries attempted to raise consciousness about the usage of Electric Vehicles (EVs). However, poor infrastructure technology and high cost of establishing charging stations make the industry capital-intensive. The governments set various strategies such as tax reduction and credit offerings. Moreover, investing in establishing production and manufacturing units causes opportunities to commence EVs productions in many emerging countries as a developed countries. The main aim of this paper is to explain the significance of EV production in emerging countries and review of validity of Environmental Kuznets Curve Model. In the second part, the emphasis is on describing the competitive advantage of Türkiye as an emerging country in EV market globally. Porter's Diamond model and the Country-of-Origin effect are the main discussed theories.