Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea

Abstract The Korean government has stimulated R&D activities of the electric vehicle (EV) industry and promoted commercialization of EVs. Korea’s EV industry developed rapidly. The industrial policy to promote the EV industry provides implications to the automobile producers. First, pr...

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Autores principales:	Lee,Euna, Mah,Jai S
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2020
Materias:	electric vehicles Korea industrial policy environment
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242020000400071
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spelling	oai:scielo:S0718-272420200004000712021-02-02Industrial Policy and the Development of the Electric Vehicles Industry: The Case of KoreaLee,EunaMah,Jai S electric vehicles Korea industrial policy environment Abstract The Korean government has stimulated R&D activities of the electric vehicle (EV) industry and promoted commercialization of EVs. Korea’s EV industry developed rapidly. The industrial policy to promote the EV industry provides implications to the automobile producers. First, producers not developing EV technologies may lag behind in the market. Second, it is important to improve the efficiency of their R&D expenditures. Third, it may be effective for the less advanced EV producers to cooperate with foreign producers. Fourth, the EV producers are needed to cooperate with the rechargeable battery producers. Fifth, success of the EV industry will depend on the probability of reducing the production cost. Sixth, the government should prepare R&D support measures targeting promotion of SMEs in the EV industry. Seventh, the government wishing to promote the EV industry needs to define the responsibility of each Ministry and establish a system resolving conflicts between the Ministries efficiently.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.15 n.4 20202020-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242020000400071en10.4067/S0718-27242020000400071
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	electric vehicles Korea industrial policy environment
spellingShingle	electric vehicles Korea industrial policy environment Lee,Euna Mah,Jai S Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea
description	Abstract The Korean government has stimulated R&D activities of the electric vehicle (EV) industry and promoted commercialization of EVs. Korea’s EV industry developed rapidly. The industrial policy to promote the EV industry provides implications to the automobile producers. First, producers not developing EV technologies may lag behind in the market. Second, it is important to improve the efficiency of their R&D expenditures. Third, it may be effective for the less advanced EV producers to cooperate with foreign producers. Fourth, the EV producers are needed to cooperate with the rechargeable battery producers. Fifth, success of the EV industry will depend on the probability of reducing the production cost. Sixth, the government should prepare R&D support measures targeting promotion of SMEs in the EV industry. Seventh, the government wishing to promote the EV industry needs to define the responsibility of each Ministry and establish a system resolving conflicts between the Ministries efficiently.
author	Lee,Euna Mah,Jai S
author_facet	Lee,Euna Mah,Jai S
author_sort	Lee,Euna
title	Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea
title_short	Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea
title_full	Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea
title_fullStr	Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea
title_full_unstemmed	Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea
title_sort	industrial policy and the development of the electric vehicles industry: the case of korea
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2020
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242020000400071
work_keys_str_mv	AT leeeuna industrialpolicyandthedevelopmentoftheelectricvehiclesindustrythecaseofkorea AT mahjais industrialpolicyandthedevelopmentoftheelectricvehiclesindustrythecaseofkorea
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Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea

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