Supply and Demand of Electric Vehicles with Rising Gas Prices
Research and find an article that covers the supply and demand of electric vehicles and how gas prices have affected the supply or demand electric vehicle sales. You can use an article online or offline from any reputable source. Write up a review of the article and integrate concepts, such as the market, market equilibrium, law of demand, and prices control into your review. Summarize the article and discuss how it relates to other economic theories.
Complete this essay in a Microsoft Word document in APA format. A minimum of 1500 words for your essay is required with a least 2 references in addition to the article that is being reviewed.
Requirements: Minimum of 1,500 words
Answer preview
People have, for a long time, tried to come up with innovative ways to deal with climate change. The recent weather patterns, specifically the extremely high temperature and intensive flash floods witnessed in the United States, serve as a testament to the importance of combating climate. Carbon emissions are among the chief contributors to climate change (Nazaripouya et al., 2019). Due to this, the world has slowly tried to reduce carbon emission levels. One strategy to achieve this objective is encouraging people to purchase and use electric vehicles (EVs) (Nazaripouya et al., 2019). An EV is a car that is either fully or partially powered by electric power. EVs have low operating costs, considering they have fewer moving parts requiring
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