{"id":149740,"date":"2024-03-18T17:03:08","date_gmt":"2024-03-18T11:33:08","guid":{"rendered":"https:\/\/www.mapsofindia.com\/my-india\/?p=149740"},"modified":"2024-03-18T17:03:08","modified_gmt":"2024-03-18T11:33:08","slug":"as-per-the-economic-times-report-dated-april-11-2023-electrie-vehicle","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/quiz\/as-per-the-economic-times-report-dated-april-11-2023-electrie-vehicle","title":{"rendered":"As per The Economic Times report, dated April 11, 2023 Electrie Vehicle…"},"content":{"rendered":"

As per The Economic Times report, dated April 11, 2023
\n\u201cElectrie Vehicle sales cross 10 Lakh mark in financial year 2022-23.\u201d
\nAnalyse the likely impacts of this news on Gross Domestic Product
\n(GDP) and Welfare.<\/h2>\n

Ans. Impact on GDP:<\/h3>\n
    \n
  1. \n

    Increased sales of electric vehicles boost domestic manufacturing, employment, and investment in the electric vehicle industry.<\/h3>\n<\/li>\n
  2. \n

    Growth in electric vehicle sales stimulates demand for related industries such as battery manufacturing, charging infrastructure development, and renewable energy generation, contributing to GDP growth.<\/h3>\n<\/li>\n
  3. \n

    Electric vehicles’ environmental benefits, such as improved air quality and reduced reliance on fossil fuels, lead to long-term environmental benefits, positively impacting GDP.<\/h3>\n<\/li>\n<\/ol>\n

    Impact on Welfare:<\/h3>\n
      \n
    1. \n

      Electric vehicles contribute to reducing air pollution and greenhouse gas emissions, enhancing public health and environmental quality, thus improving overall welfare.<\/h3>\n<\/li>\n
    2. \n

      Lower operating and maintenance costs of electric vehicles compared to traditional vehicles lead to cost savings for consumers, improving disposable income and overall welfare.<\/h3>\n<\/li>\n
    3. \n

      Increased adoption of electric vehicles encourages innovation and technological advancements in the automotive sector, leading to more efficient and affordable electric vehicle models, benefiting consumers and society as a whole.<\/h3>\n<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

      As per The Economic Times report, dated April 11, 2023 \u201cElectrie Vehicle sales cross 10 Lakh mark in financial year 2022-23.\u201d Analyse the likely impacts of this news on Gross Domestic Product (GDP) and Welfare. Ans. Impact on GDP: Increased sales of electric vehicles boost domestic manufacturing, employment, and investment in the electric vehicle industry. […]<\/p>\n","protected":false},"author":21830,"featured_media":114041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12119],"tags":[],"class_list":{"0":"post-149740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-quiz"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/149740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21830"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=149740"}],"version-history":[{"count":1,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/149740\/revisions"}],"predecessor-version":[{"id":149741,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/149740\/revisions\/149741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/114041"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=149740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=149740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=149740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}