Zero-emission vision: The role of E-mobility technology budgets in carbon mitigation

Abstract

Investing in e-mobility technology holds transformative potential to curtail carbon emissions, driving a sustainable shift from fossil fuel dependency to cleaner transportation systems. By accelerating the adoption of electric vehicles and advancing green innovations, these investments pave the way for a low-carbon future while reshaping global mobility. Present research probes the effect of e-mobility technology budgets on carbon emissions across the ten leading economies with the highest e-mobility R&D investment (China, USA, Germany, Japan, South Korea, France, UK, Sweden, Norway, and the Netherlands). In contrast to prior investigations, which relied on panel data approaches and commonly disregarded the distinctive economic environments of individual countries, this study applies the advanced Quantile-on-Quantile methodology. This technique permits the scrutiny of variable shifts within each country independently, enhancing correctness and delivering a more profound apprehension of every nation's distinct features. The results reveal that e-mobility technology budgets improve environmental quality by reducing carbon emissions in most sample nations, each showcasing unique trends and dynamics. These findings underline the imperative for policymakers to meticulously evaluate and design tailored strategies that effectively harness the intricate dynamics between e-mobility technology budgets and carbon emissions, aligning with Sustainable Development Goals and paving the way for environmental progress.