Management of the modern electric-vehicle market

Abstract

This paper proves that the trend of development of modern transport in the world is to maximize the level of providing the personal use of electric vehicles. This mechanism would also partially solve the environmental problems of mankind. To implement this idea, some global automakers have announced the decision of the full transition of production to electric vehicles. At the same time, for effective functioning of the electric-vehicle market, adequate infrastructure needs to be created. There is a positive trend in the annual growth of the charging-station network in developed countries, that characterizes the charging-station market as dynamic and promising, but mostly chaotic and imbalanced at the regional level. The main hypothesis of the research is about the independence between the level of electric-vehicle market development and networks of charging stations. The object of the study is the Washington (USA) electric-vehicle market, as it is the market segment with the highest development characteristics. To test the hypothesis, the authors provided a multifactor analysis of the local electric-vehicle market and the existing charging infrastructure. A comprehensive analysis of the electric-vehicle market and the charging-station network in Washington (USA) was performed, and the market characteristics were defined accordingly: the degree of electric-vehicle spread in the regional localities; the level of charging-station-network coverage and concentration; the ratio of electric vehicles to charging stations. Authors identified the tendency of the state location to innovations connected with electric vehicles. Clusterization and recommendations according to the level of development of the electric-vehicle market aimed to balance and grow the total electric-vehicle market and connected infrastructure.