Light duty vehicle transportation and global climate policy: The importance of electric drive vehicles

Valentina Bosetti, Thomas Longden*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

37 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)209-219
Number of pages11
JournalEnergy Policy
Volume58
DOIs
Publication statusPublished - Jul 2013
Externally publishedYes

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