Ryon Das

Using Prudence to Predict the International Electric Vehicle Market

Started Mar. 1, 2024

Abstract or project description

In this paper, I study the current international market revolving around electric vehicles (EVs), with an emphasis on the countries of the United States and China. I will use a game theory Nash Equilibrium model to assess the outcomes of possible actions taken by these two leading countries, creating a Multistage game. I will be using prudence as a variable to determine the Nash Equilibriums of various tariff scenarios by varying the foresightedness levels of the countries towards global needs, rather than short-term economic squabbles. I will then provide a policy recommendation for a global entity such as the UN to carry out in order to secure international emissions targets best.