• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
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HOME > Archive > 2024 > Volume 12 Number 4 (2024) >
JOEBM 2024 Vol.12(4): 359-367
DOI: 10.18178/joebm.2024.12.4.823

Potential for New Development of Conventional Fossil-fueled Vehicles

Zhouyu Feng
Wenzhou Semir United International School, Zhejiang, China
Email: 13780177586@139.com (Z.Y.F.)

Manuscript received July 19, 2024; revised August 2, 2024; accepted August 21, 2024; published October 31, 2024.

Abstract—Nowadays, alternative energy vehicles, particularly electric vehicles, develop rapidly and become highly favored by consumers, even having the tendency to replace the fossil-fueled vehicle market based on their unique advantages such as environmentally friendliness, low energy use costs, high intelligence level, fast acceleration, and so on. However, alternative energy vehicles also have their defects that cannot be ignored such as charging issues, limited battery performances, limited range, and lower safety level. Under such circumstances, whether fossil-fueled vehicles have future development potential becomes an important question. In this paper, we explore the development potential of fossil-fueled vehicles, based on the automotive performance analysis, the questionnaire, and the review of information and literature. These lead to the conclusion that as long as fossil-fueled vehicles face up to and improve their shortcomings, at the same time retain their advantages, they do have the chance to regain a foothold in the automotive market. To be specific, from the aspects of improving energy efficiency, developing sustainable automotive fuels, enhancing emissions control, and promoting public awareness, the fossil-fueled vehicle market does have consistent potential for future development.

Keywords—fossil-fueled vehicles, alternative energy vehicles, industrial development, market analysis

Cite: Zhouyu Feng, "Potential for New Development of Conventional Fossil-fueled Vehicles," Journal of Economics, Business and Management, vol. 12, no. 4, pp. 359-367, 2024.

Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

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