Electric vehicles as an example of a market failure

Wednesday, March 20, 2019 - 07:50 in Mathematics & Economics

Electric vehicle revolution is well under way. Norway ambitiously heads toward having all new cars sold as zero-emission by 2025. China continues to be one of the major drivers of EV boom. The US market experiences strong growth, driven by models from Tesla, Chevrolet and Nissan. The United Kingdom and France have announced they would ban new petrol and diesel vehicles sales by 2040.

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