Structure, dynamics and trends of development of the world market of the automobile industry


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Abstract

The purpose of the article is to study the structure and dynamics of the world market of the automotive industry in order to determine the most promising trends in its development in modern conditions. The relevance of the article is due to the special role of this industry for national economies: a large number of jobs, a significant share in the gross domestic product, the impact on the development of related economic activities. The key market trends have been identified: the impact of the global pandemic associated with COVID-19 (as well as a sharp drop in demand, a temporary break in the supply chain), sensitivity to national production and to the brand, change in consumer preferences (in developed countries - the formation of conscious consumption, in developing countries - an increase in sales of premium vehicles), the annual growth of the electric vehicle market, digital transformation of car production. Based on the results of the study, recommendations were formulated for state support for the development of the automotive industry: measures for the construction of infrastructure serving electric transport (a network of charging stations), assistance to consumers through incentive payments, time-limited employee layoff schemes, reduced interest rates and urgent loans for enterprises, development a global program to share experiences on the best ways to use electric vehicles in cities. It is substantiated that measures to support automotive production at the state level must be developed and implemented taking into account the conditions of a particular state.

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About the authors

Guan Wang

Saint Petersburg State University of Economics

Email: tks1001@mail.ru
Postgraduate student Saint Petersburg, Russian Federation

References

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