ITF Round Tables
International Transport Forum
- ECMT Round Tables
- 2074-336X (online)
- 2074-3378 (print)
ITF Roundtable Reports present the proceedings of ITF roundtable meetings, dedicated to specific topics notably on economic and regulatory aspects of transport policies in ITF member countries. Roundtable Reports contain the reviewed versions of the discussion papers presented by international experts at the meeting and a summary of discussions with the main findings of the meeting.
Stimulating Low-Carbon Vehicle Technologies
- 16 Dec 2010
- 9789282102978 (PDF) ;9789282102916(print)
Governments around the world are increasingly intervening in automobile markets to improve fuel economy and reduce emissions of CO2 from new vehicles. This report reviews the rationale for such intervention and examines measures for maximum effectiveness and minimum cost.
The Round Table brought together economists, policy makers and auto engineers with the aim of advancing understanding of why car markets currently fail to deliver sufficient fuel economy. It started by questioning whether any additional measures would be necessary once an appropriate price for carbon dioxide is established via fuel taxes. It confirmed that there are indeed market imperfections that merit additional government intervention. Fuel economy and CO2 regulations are an essential part of the package. The key to maximising the benefits of such regulations is long-term planning. The longer the timeframe, the less industry investment is handicapped by uncertainty.
Subsidies to electric vehicles are more problematic because of the risks of prematurely picking winning technologies and creating subsidy dependence. And electricity production has yet to be decarbonised. However, intervention to steer innovation in this direction is merited so long as the risks of not attaining climate policy targets are seen as higher than the risks of intervention.
- Cutting Transport CO2 Emissions
- Oil Dependence
- Speed Management
- CO2 Emissions from Fuel Combustion 2010
- Biofuels for Transport
- The Cost and Effectiveness of Policies to Reduce Vehicle Emissions
- Making Cars More Fuel Efficient
- Biofuel Support Policies: An Economic Assessment
- Electric and Plug-in Hybrid Electric Vehicles
- Effective Transport Policies for Corporate Mobility Management