Recent Changes in the Landscape of the Global Automotive Industry

Myungkoo Song ()
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Myungkoo Song: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr/en

No 24-1, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: In this paper, we examine the effects of the changing global automotive landscape from several perspectives. In particular, we consider changes in vehicle production and sales to assess the supply and demand sides of the industry. We also take into account changes in exports to examine the state of global trade. All of these changes are considered through the lens of countries rather than firms. In addition, we examine the South Korean automotive industry as a case study to elaborate on the details of recent changes and the response of automakers. We conclude the paper with a review of policy instruments recently implemented to stimulate the EV market. Thank you for reading this abstract of a report from the Korea Institute for Industrial Economics and Trade! Visit us on YouTube: https://www.youtube.com/watch?v=Q36v30l5CV0 Visit us on Instagram: https://www.instagram.com/worldkiet/ Visit our website: http://www.kiet.re.kr/en

Keywords: manufacturing industry; auto manufacturing; automotive industry; auto industry; internal combustion engine; ICE; electric vehicles; EVs; batteries; EV adoption; EV policy; Hyundai; Kia; Genesis; Korea; KIET (search for similar items in EconPapers)
JEL-codes: L62 L98 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2024-02-28
New Economics Papers: this item is included in nep-ene, nep-ind, nep-int and nep-tre
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