Clean energy synergy with electric vehicles: Insights into carbon footprint

This study empirically examines the impact of Electric Vehicles (EVs) and clean energy adoption on carbon footprints. With growing concerns over climate change and the need to reduce greenhouse gas emissions, the transition to electric vehicles and clean energy sources has gained significant attention as potential solutions. This research investigates the relationship between the adoption of EVs and clean energy technologies and their subsequent effect on carbon footprints. The study applied the Generalised Method Moments (GMM) on the data sourced from the International Energy Agency (IEA) and the World Development Indicators (WDI) for the period 2011-2021 covering 27 countries. The findings reveal a strong correlation between the adoption of EVs and reductions in carbon footprints. It shows that a 1 % increase in renewable electricity output would result in a 0.5 % decline in carbon footprints. This implies that, as EV sales increase, the overall carbon emissions from the transportation sector decrease, primarily due to the lower emissions associated with electric vehicles compared to conventional internal combustion engine vehicles. Additionally, the study finds that the integration of clean energy sources into the electricity grid further contributes to carbon footprint reductions. The use of renewable energy in charging EVs minimizes the indirect emissions associated with electricity generation. The research concludes that the widespread adoption of EVs and clean energy sources has the potential to significantly reduce carbon footprints and mitigate the impact of climate change. However, it emphasizes the importance of continued technological advancements, increased availability of charging infrastructure, and supportive government policies to accelerate the transition towards a low-carbon transportation and energy system. Therefore, the study highlights the need for collaborative efforts among governments, industry stakeholders, and individuals to foster sustainable practices and achieve a more environmentally friendly future.