How can Europe catch up on the global electric vehicle race?
The automotive sector is currently at the centre of a global transformation, driven by four key trends: electrification, autonomous driving, sharing and connected cars. Bruegel fellows Reinhilde Veugelers and Simone Tagliapietra have recently published a policy contribution investigating the position of the European automotive industry in a scenario in which electrification substantially progresses. The results are encouraging for Europe: EU companies entered late the global electric vehicle race, but on the basis of their analysis it is not yet too late for them to catch up and make the best of this change. However, they also find that if Europe wants to succeed in the global electric vehicle race, its automotive industry will have to move into higher gear to meet the global – notably Chinese – competition.
With this event, Bruegel aims to stimulate a discussion on this increasingly important issue for Europe.
This event will be livestreamed. There is no need to register for the livestream.
The event’s program is still under construction. The registrations are not open yet.
Check-in and lunch
Speakers to be confirmed
This event will look at the Chinese Belt and Road Initiative as well as the response from the rest of the world.
Economic performance prospects in Europe, the US and Asia in 2019. We start off by reviewing commentaries and predictions about the euro zone, which many commentators expect to perform below potential as uncertainties continue to dampen a still robust recovery.
Five years after its launch, Michael Baltensperger and Uri Dadush reflect on China’s Belt and Road Initiative. The plan to revive ancient trade routes has the potential to enhance development prospects across the world and in China, but that potential might not be realised because the BRI’s objectives are too broad and ill-defined, and its execution is too often non-transparent, lacking in due diligence and uncoordinated.
Without an expectation of a larger market for European exports in the absence of additional opening up by Chinese authorities, European exporters should not enjoy the ongoing China-US negotiations.
The electrification of vehicles has become a key trend in the automotive sector, driven by clean energy and climate-change concerns. In a scenario of further proliferation of electric vehicles, the authors here consider how Europe might best attempt to catch and overtake other countries’ manufacturers and suppliers in the development race.
Bruegel fellows Reinhilde Veugelers and Simone Tagliapietra elaborate on the recent Policy Contribution they co-authored on the European automotive industry in the light of the global electric vehicle revolution.
Machine learning and artificial intelligence (AI) systems are rapidly being adopted across the economy and society. Early excitement about the benefits of these systems has begun to be tempered by concerns about the risks that they introduce.
This Policy Contribution investigates the position of the European automotive industry in a scenario in which electrification substantially progresses. Europe cannot follow China in the adoption of centrally-planned industrial policy measures. But it certainly can and should do more to stimulate the transformation of its automotive industry through more ambitious policies.
The truce agreed on by China and the United States at the sidelines of the recent G-20 meeting in Buenos Aires doesn’t really change the picture of the U.S.’s ultimate goal of containing China. The reason is straightforward: The U.S. and China have become strategic competitors and will continue to be so for the foreseeable future, which leaves little room for any long-term settlement of disputes.
This event featured a presentation of the EIB's 2018 Investment Report.
How is global competition policy evolving given the challenges of the digital era?
What is the impact of the EU ETS on carbon emissions and economic performance of regulated companies?