Research and Relevance, Episode 5: Decarbonizing the Automobile Industry
Scientists assert that global warming must be kept below two degrees Celsius to avoid insurmountable global disruption. Getting there will require near total decarbonization of economic activity by 2060. Transportation accounts for a quarter of GHG emissions in the U.S. but with the help of electric technologies we believe that we can decarbonize the passenger car sector by this deadline. The first part of the podcast tells the story of the electric car and the market conditions and innovations that have paved the way for electric cars today. We then follow the story with an interview with Darden Professor Mike Lenox (https://ideas.darden.virginia.edu/authors/michael-lenox/), an expert in business innovation and strategy and co-author on the report titled Path to 2060: Decarbonization of the Automobile Industry.
Topics we cover include (1) the era of ferment occurring as incumbents and entrepreneurial ventures battle to become the dominant electric vehicle platform. (2) how global demand, e.g. from the Chinese market, makes this era of electric vehicle production different from past efforts, (3) the role of regulation and consumer-oriented incentives in driving innovation and (4) the impact of U.S. technology policy (or lack thereof) on the U.S. electric vehicles market.
From the Business Innovation and Climate Change Initiative at Darden’s Batten Institute for Entrepreneurship and Innovation.
Soundbites used by permission of Peppercut Films http://www.whokilledtheelectriccar.com/ and Tesla https://www.tesla.com/. This podcast is Copright 2017, Rector and Visitors of the University of Virginia. All rights reserved.
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