This analysis explored the effect of battery electric vehicles (BEVs) on greenhouse gas emissions (GHGs) in a panel of twenty-nine countries from the European Union (EU) from 2010 to 2020. The method of moments quantile regression (MM-QR) was used, and the ordinary least squares with fixed effects (OLSfe) was used to verify the robustness of the results. The MM-QR support that in all three quantiles, economic growth causes a positive impact on GHGs. In the 50th and 75th quantiles, energy consumption causes a positive effect on GHGs. BEVs in the 25th, 50th, and 75th quantiles have a negative impact on GHGs. The OLSfe reveals that economic growth has a negative effect on GHGs, which contradicts the results from MM-QR. Energy consumption positively impacts GHGs. BEVs negatively impacts GHGs. Although the EU has supported a more sustainable transport system, accelerating the adoption of BEVs still requires effective political planning to achieve net-zero emissions. Thus, BEVs are an important technology to reduce GHGs to achieve the EU targets of decarbonising the energy sector. This research topic can open policy discussion between industry, government, and researchers, towards ensuring that BEVs provide a climate change mitigation pathway in the EU region.
According to the Organization of Petroleum Exporting Countries (OPEC), the Bolivarian Republic of Venezuela has one of the world's largest proven crude oil reserves with 302,809 million barrels (OPEC Annual Statistical Bulletin 2018). Using average daily crude oil production for 2017 (see Fig. 1a), it would take over 390 years for Venezuela to run out of crude oil. This means that Venezuela will remain as a major crude oil producing country for a long time. Looking at the way Venezuela has managed its vast oil
This study examines the causal relationship between crude oil price, energy consumption and CO2 emissions in Ecuador over the period 1971–2013 incorporating indicators of economic performance. ARDL bounds testing approach to cointegration provides evidence of cointegration between the variables in the presence of structural break in the series. The long‐run effect of energy consumption on CO2 emissions in the oil‐dependent economy is found to be positive and statistically significant. The long‐run and short‐run causal effects of crude oil price on energy consumption and CO2 emissions in the economy are found positive and statistically significant, suggesting that higher crude oil prices create economic conditions that generate more energy consumption and CO2 emissions in the Ecuadorean economy. The direction of causality among the variables examined using Toda‐Yamamoto Granger causality test procedure suggests that a unidirectional causality runs from crude oil price to energy consumption and economic growth, and bidirectional causality between energy consumption and CO2 emissions. A unidirectional causality that flows from CO2 emissions to economic growth through financial development is also observed in the economy.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.