Research of the EU automotive industry into low-carbon vehicles and the role of public intervention
AbstractThe automotive sector is the largest industrial R&D investor in the EU. The present note assesses which parts of the sector's research efforts are dedicated towards the development of low-carbon vehicle technologies. The results indicate that relevant companies invest significant amounts in the development of more efficient conventional engine technologies and in electric vehicles, while fuel-cell vehicles have become of lower interest. The note suggests that the role of the public sector should focus on guiding research of this sector so as to bring it in line with the EU climate policy targets. To this end, setting long-term targets and regulation are considered an important tool together with the creation of market demand measures.
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Bibliographic InfoPaper provided by Institute for Prospective and Technological Studies, Joint Research Centre in its series JRC-IPTS Working Papers with number JRC58727.
Length: 31 pages
Date of creation: May 2010
Date of revision:
Low-carbon vehicles; automotive industry; public intervention;
Find related papers by JEL classification:
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
- L9 - Industrial Organization - - Industry Studies: Transportation and Utilities
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
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