INTERNATIONAL CENTER FOR RESEARCH AND RESOURCE DEVELOPMENT

ICRRD QUALITY INDEX RESEARCH JOURNAL

ISSN: 2773-5958, https://doi.org/10.53272/icrrd

Impact of Nickel Price, Nickel Export Volume and Production Quantity on Global Electric Car Sales Trends

Impact of Nickel Price, Nickel Export Volume and Production Quantity on Global Electric Car Sales Trends

Abstract: The growth of the global electric car industry is influenced by various economic factors, including nickel prices, nickel export volume, and nickel production quantity. This study aims to quantitatively analyze the impact of these three variables on global electric car sales trends over the period 2014-2023. The method used is a quantitative approach with multiple linear regression, using annual secondary data from national and international sources. The results show that nickel price and nickel export volume have a positive and significant influence on global electric car sales trends. In contrast, the amount of nickel production shows no significant effect. These findings emphasize the importance of maintaining price stability and strengthening nickel exports as strategies to support the growth of the global electric vehicle market. In the future, further research needs to examine the impact of other external factors such as energy transition policies, battery technology development, and mineral supply chain dynamics in more depth using a longitudinal approach or dynamic economic model.

Keywords: Electric car; nickel price; export volume