Author(s)

Tana

Corresponding Author

Tana

Abstract

With regard to historical trends of global energy security issues, climatic changes, air pollutions, and renewable energy technological progression, the general public has been leading to reconsidering the conventional individual mobility service based on fossil fuel combustion engines (Kley, Lerch and Dallinger, 2011). Compared with conventional internal combustion engine vehicles, electric vehicles (EV) represent an alternative solution to reduce individual fossil fuel consumption substantially. The technological achievement in battery storage and fast charging techniques are now driving individual consumers to become more willing to seek electric-powered engines instead of the fossil-fuelled vehicle. Therefore, the raised social demand and associated spending have lead electric car manufacturers including Tesla, to experience a dramatic market development and achieved an incredible performance in sales revenues over last ten years. According to the report published by the International Energy Agency (IEA) in 2016, the global registration number of the electric car has reached a record with over 750 thousand sales number worldwide. Meanwhile, China remained the largest market with more than 40 percent of the electric car sold across the global market (IEA,2016).

Keywords

Tesla, Economic Analysis, Chinese Electric Vehicle Industry