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Modeling potential impact of COVID-19 pandemic on global electric vehicle supply chain
The on-going COVID-19 pandemic and consequent lockdowns cast significant impacts on global economy in the short run. Their impact on stability of global electric vehicles (EVs) supply chain and thus our climate ambition in the long run, however, remains hitherto largely unexplored. We aim to address...
Autores principales: | , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8837477/ https://www.ncbi.nlm.nih.gov/pubmed/35187462 http://dx.doi.org/10.1016/j.isci.2022.103903 |
_version_ | 1784649917787013120 |
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author | Sun, Xin Liu, Gang Hao, Han Liu, Zongwei Zhao, Fuquan |
author_facet | Sun, Xin Liu, Gang Hao, Han Liu, Zongwei Zhao, Fuquan |
author_sort | Sun, Xin |
collection | PubMed |
description | The on-going COVID-19 pandemic and consequent lockdowns cast significant impacts on global economy in the short run. Their impact on stability of global electric vehicles (EVs) supply chain and thus our climate ambition in the long run, however, remains hitherto largely unexplored. We aim to address this gap based on an integrated model framework, including assessing supply risks of 17 selected core commodities throughout the EV supply chain and further applying the supply constraints to project future EV sales until 2030. Our model results under three pandemic development scenarios indicate that if the pandemic is effectively contained before 2024, the global EV industry will recover without fundamentally scathed and thus can maintain the same growth trend as in the no-pandemic scenario by 2030. We suggest that fiscal stimulus in the postpandemic era should be directed more toward upgrading the quality of battery products, rather than expanding the production capacity. |
format | Online Article Text |
id | pubmed-8837477 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Elsevier |
record_format | MEDLINE/PubMed |
spelling | pubmed-88374772022-02-14 Modeling potential impact of COVID-19 pandemic on global electric vehicle supply chain Sun, Xin Liu, Gang Hao, Han Liu, Zongwei Zhao, Fuquan iScience Article The on-going COVID-19 pandemic and consequent lockdowns cast significant impacts on global economy in the short run. Their impact on stability of global electric vehicles (EVs) supply chain and thus our climate ambition in the long run, however, remains hitherto largely unexplored. We aim to address this gap based on an integrated model framework, including assessing supply risks of 17 selected core commodities throughout the EV supply chain and further applying the supply constraints to project future EV sales until 2030. Our model results under three pandemic development scenarios indicate that if the pandemic is effectively contained before 2024, the global EV industry will recover without fundamentally scathed and thus can maintain the same growth trend as in the no-pandemic scenario by 2030. We suggest that fiscal stimulus in the postpandemic era should be directed more toward upgrading the quality of battery products, rather than expanding the production capacity. Elsevier 2022-02-12 /pmc/articles/PMC8837477/ /pubmed/35187462 http://dx.doi.org/10.1016/j.isci.2022.103903 Text en © 2022 The Author(s) https://creativecommons.org/licenses/by/4.0/This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Article Sun, Xin Liu, Gang Hao, Han Liu, Zongwei Zhao, Fuquan Modeling potential impact of COVID-19 pandemic on global electric vehicle supply chain |
title | Modeling potential impact of COVID-19 pandemic on global electric vehicle supply chain |
title_full | Modeling potential impact of COVID-19 pandemic on global electric vehicle supply chain |
title_fullStr | Modeling potential impact of COVID-19 pandemic on global electric vehicle supply chain |
title_full_unstemmed | Modeling potential impact of COVID-19 pandemic on global electric vehicle supply chain |
title_short | Modeling potential impact of COVID-19 pandemic on global electric vehicle supply chain |
title_sort | modeling potential impact of covid-19 pandemic on global electric vehicle supply chain |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8837477/ https://www.ncbi.nlm.nih.gov/pubmed/35187462 http://dx.doi.org/10.1016/j.isci.2022.103903 |
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