 Light duty vehicle transportation and global climate policy: The importance of electric drive vehiclesValentina Bosetti and Thomas Longden Energy Policy, 2013, vol. 58, issue C, 209-219 Abstract: With a focus on the interaction between long-term climate targets and personal transport we review the electrification of light duty vehicles (LDVs) within a model that utilizes a learning-by-researching structure. By modeling the demand of vehicles, the use of fuels and emissions implied, the model solves for the optimum RD&D investments that decrease the cost of hybrid, plug-in hybrid and electric vehicles. A range of technology and climate policy scenarios provide long term projections of vehicle use that highlight the potential synergies between innovation in the transportation sector and the energy sector. We find that even when the capital cost of electric drive vehicles (EDVs) remains higher than that of traditional combustion engine alternatives, EDVs are likely to play a key role in the decarbonisation implied by stringent climate policy. Limited innovation in batteries results in notable increases in policy costs consistent with a two degree climate policy target. Keywords: Integrated assessment model; Research, development and demonstration (RD&D); Transportation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:58:y:2013:i:c:p:209-219 DOI: 10.1016/j.enpol.2013.03.008 Access Statistics for this article Energy Policy is currently edited by N. France More articles in Energy Policy from Elsevier |
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