The growing popularity of green cars, mainly clean diesel vehicles and hybrid cars, has fueled the development and commercialization of electric vehicles worldwide. Countries with ever-tightening environmental regulations and fuel economy standards are inducing price drops and performance improvements in electric vehicles. In other words, consumers are responding more positively to electric cars following manufacturers’ efforts to adopt various innovations since the 2008 financial crisis. Likewise, the increasing number of university-industry collaborations is accelerating the commercialization of fuel cell vehicles (FCVs), which are arguably the epitome of green car technology. The demand for automobiles powered by internal combustion engines (ICE) is likely to begin decreasing gradually in 2020 and show an even sharper decline after 2025. This will motivate the transportation industry to increasingly favor electricity as an alternative energy source to fossil fuels.
As the stagnating sales of domestic green cars causes imported green cars to grow in popularity while domestic companies experience greater difficulty commercializing their products, concerns are rising over the possibility of foreign manufacturers coming to dominate the domestic green car market. In order to maintain a sustainable growth rate, the domestic automobile industry needs to promote greater technological advancement by creating a new green car ecosystem and devise ways to stimulate early demand for and the mass production of green cars.
수송부문 에너지 혁신을 위한 그린 카 보급 방안(Supplying green vehicles as an innovative way of promoting sustainable energy in the transportation industry)
|Series Title; No||KIET 산업경제|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Industry and Technology < Manufacturing
Territorial Development < Environment
|Holding||KIET; KDI School|