The automotive industry: when regulated supply fails to meet demand. The Case of Italy

Antonio Sileo and Monica Bonacina

No 339238, FEEM Working Papers from Fondazione Eni Enrico Mattei (FEEM)

Abstract: This paper studies the effects of the latest European regulations on carbon emissions on the Italian car market and discusses the possibility of achieving climate neutrality of road transport through the “mere” replacement of cars currently on the road with new zero-emission cars. Since 2016, automakers’ production strategies have changed dramatically, with an increasing number of zero (and low) emission models on car lists. To date, these changes on the supply side have not been matched by similar changes in purchasing habits. In recent years, not only have few zero (and low) emission cars been sold, but also few new cars. Unless epoch-making changes occur, it is completely unrealistic to think that we can achieve climate neutrality by 2050 by leveraging exclusively on the renewal of the fleet.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 24
Date: 2024-01-15
New Economics Papers: this item is included in nep-ene, nep-env, nep-eur, nep-inv, nep-reg and nep-tre
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/339238/files/NDL2024-01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:feemwp:339238

DOI: 10.22004/ag.econ.339238

Access Statistics for this paper

More papers in FEEM Working Papers from Fondazione Eni Enrico Mattei (FEEM) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().