 Energy security. Chapter 3 in The Global Rise of the Modern Plug-In Electric Vehicle, 2021, pp 73-109 from Edward Elgar Publishing Abstract: Energy insecurity played a pivotal role in the emergence of governmental interest in the modern PEV. The interest began first in Japan and then in the United States. Twenty years later, China also saw energy-security advantages of a transition to PEVs. Europe, though affected by oil crises of the 1970s, chose a pro-diesel strategy rather than serious exploration of BEVs. Japan, Germany and the US also developed strong programs to develop FCVs. The energy security rationale for PEVs and FCVs receded somewhat after the North American fracking revolution began around 2010 and world oil prices collapsed in 2014. Nonetheless, energy-security concerns remain in some countries, especially China, Germany and Japan. Regulatory accounting schemes can be tweaked in various ways to encourage or discourage automakers from offering PEVs. The fuel-economy standards in China and the US favor PEVs as a compliance technology more than the standards in Japan. Keywords: Business and Management; Economics and Finance; Environment; Geography; Innovations and Technology; Law - Academic; Politics and Public Policy Urban and Regional Studies (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:elg:eechap:20411_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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