TY - JOUR
T1 - An investigation on the role of electric vehicles in alleviating environmental pollution
T2 - evidence from five leading economies
AU - Sun, Dongying
AU - Kyere, Francis
AU - Sampene, Agyemang Kwasi
AU - Asante, Dennis
AU - Kumah, Naana Yaa Gyamea
PY - 2023/2
Y1 - 2023/2
N2 - The relationship between battery electric vehicles (BEV) and carbon dioxide emission (CO2) has significant environmental outcomes. Notwithstanding, battery electric vehicles have not been extensively explored through econometric approach. For countries to meet their net zero targets, it is crucial to consider the role of battery electric vehicles, renewable energy consumption, and CO2. As a result, it is critical to scrutinize a variety of variables that contribute to a sustainable future. This study therefore examines the dynamic correlation between BEV, gross domestic product (GDP), urbanization (URB), renewable energy consumption (REC), population (POP), and CO2 in five leading countries (the United States of America (USA), China, France, Germany, and Norway) using panel data from 2010 to 2020. The study adopted the Westerlund cointegration method to ascertain the long-term nexus among the series. The cross-sectionally augmented autoregressive distributed lag CS-ARDL technique is adopted to evaluate the variables long-run elasticity. The study applied the common correlated effect mean group (CCEMG) and augmented mean group (AMG) approach to ascertain the robustness of the long-run relationships among the variables. Dumitrescu and Hurlin’s panel causality analysis determines the extent of the significant causality linkage. The results demonstrate that increased economic growth, urbanization, and population growth accelerate carbon emissions and environmental depletion. However, BEVs were found to be more energy efficient and the adoption of renewable energy through the manufacturing and battery production process would reduce CO2 emission especially in China and the USA. Finally, the research proposed several policy implications for policy and decision-makers in the five leading countries for combating climate change and increasing productivity in the electric vehicle market and renewable energy consumption.
AB - The relationship between battery electric vehicles (BEV) and carbon dioxide emission (CO2) has significant environmental outcomes. Notwithstanding, battery electric vehicles have not been extensively explored through econometric approach. For countries to meet their net zero targets, it is crucial to consider the role of battery electric vehicles, renewable energy consumption, and CO2. As a result, it is critical to scrutinize a variety of variables that contribute to a sustainable future. This study therefore examines the dynamic correlation between BEV, gross domestic product (GDP), urbanization (URB), renewable energy consumption (REC), population (POP), and CO2 in five leading countries (the United States of America (USA), China, France, Germany, and Norway) using panel data from 2010 to 2020. The study adopted the Westerlund cointegration method to ascertain the long-term nexus among the series. The cross-sectionally augmented autoregressive distributed lag CS-ARDL technique is adopted to evaluate the variables long-run elasticity. The study applied the common correlated effect mean group (CCEMG) and augmented mean group (AMG) approach to ascertain the robustness of the long-run relationships among the variables. Dumitrescu and Hurlin’s panel causality analysis determines the extent of the significant causality linkage. The results demonstrate that increased economic growth, urbanization, and population growth accelerate carbon emissions and environmental depletion. However, BEVs were found to be more energy efficient and the adoption of renewable energy through the manufacturing and battery production process would reduce CO2 emission especially in China and the USA. Finally, the research proposed several policy implications for policy and decision-makers in the five leading countries for combating climate change and increasing productivity in the electric vehicle market and renewable energy consumption.
KW - Battery electric vehicle
KW - Carbon emissions
KW - Renewable energy
KW - Urbanization
UR - http://www.scopus.com/inward/record.url?scp=85139665962&partnerID=8YFLogxK
U2 - 10.1007/s11356-022-23386-x
DO - 10.1007/s11356-022-23386-x
M3 - Article
C2 - 36208376
AN - SCOPUS:85139665962
SN - 0944-1344
VL - 30
SP - 18244
EP - 18259
JO - ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
JF - ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
IS - 7
ER -
