WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 21, 2024
An Investigative Study on the Development Strategies for Electric Vehicle Enterprises in India
Authors: ,
Abstract: The paper presents an investigative study on the development strategies for electric vehicle enterprises in India. An in-depth literature review examines the academic evidence of wind power and solar technologies with proper arguments and justifications. Several implementation processes of renewable energy as solar and wind power as sustainable energy strategies in India. Wind energy and solar energy-related information have also been presented in this literature review including financial barriers that prevent the implementation of sustainable energy strategy in India. The research adopts a selection of deductive research approaches, exploratory research design, and realism research philosophy to perform desk research. In addition, secondary data collection including a qualitative research strategy is selected in the research for conducting narrative data analysis. The case study analysis included in this research is based on four major states in India for successfully conducting a narrative analysis. Lastly, the findings have been summarized and linked with the objectives to bring about an understanding of the discussion and recommendations for further research and highlight the limitations of the present research.
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Keywords: Electric Vehicles (EVs), Strategic Development, India EV Development, Wind Energy, Financial Barriers, Renewable Energy Sources, Transportation, Green Energy, Automotive
Pages: 2438-2455
DOI: 10.37394/23207.2024.21.201