1Ph.D. Scholar,
2Master's student at
If we look closely at recent announcements around electric vehicles, the future is looking very globally integrated and interdependent. Even as the US tries to grow its manufacturing base around cleantech’ industries, Korea and India are making strategic investments in the future of energy storage systems (batteries, fuel cells and capacitors) to power electric vehicles. In the months and year ahead leaders in the US and Europe might have to change their simplistic and nationalistic message of independence to reflect the complexities of the energy industry and the future. There is a question the question! What is the point? From US perspective – is it to keep money in country? Or expand our role in a growing global industry – and start producing, designing and selling electric vehicle systems and vehicles with over $787 billion in funding, the USA has one of the single oldest and largest investments in economy in the history. Within the reinvestment spending on economy, over $100 billion is invested in innovative and transformative programs. This document explores the impact of Electric vehicles on micro economy and macro economy during recession in 2008. The impact of new innovation on Demand, Supply, Industry, Firm and Costumers are discussed in first part. On the other hand impact of new innovation on Investment, Employment, Gross Domestic Product, Export, Import, Aggregate Demand and Aggregate supply are discussed in the second part. In each part we bring appropriate graph for our explanation.
