Financial Analytics: Science and Experience

Development of the Russian market for electric vehicles: Trends, prospects, barriers

Vol. 10, Iss. 11, NOVEMBER 2017

Received: 25 August 2017

Received in revised form: 2 October 2017

Accepted: 13 October 2017

Available online: 15 November 2017


JEL Classification: Q51, Q58, R15

Pages: 1273–1289

Iosifov V.V. Kuban State Technological University, Krasnodar, Russian Federation

Bobylev E.E. Kuban State Technological University, Krasnodar, Russian Federation

Subject The article discusses the issues of development of the market for electric vehicles in Russia.
Objectives The article aims to analyze the status and dynamics of the Russian market for electric vehicles, consider the use of the deployment policy, and offer alternatives.
Methods For the study, we used the methods of comparative analysis, techno-economic analysis, descriptive statistics, and multiple linear regression. As an information base, we used the International Energy Agency (IEA) analytical surveys, data from major Russian automobile dealers, and the Russian Federal State Statistics Service data.
Results The article shows trends in the development of the Russian market for electric vehicles and the characteristics of its spatial structure, highlights the cost and infrastructural barriers to its development as the basic ones. We have also built and now present a model for the price of an electric car, depending on its technical specification, and show the most important parameters for demand generation.
Relevance The results obtained can be used to form federal and regional R&D and innovation support programs, as well as improve public energy efficiency policies.

Keywords: electric vehicle, econometric modeling, government incentives, deployment, EV market


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