Economy-wide impacts of road transport electrification in the EU
While electrification of road transport is a key component of decarbonisation, the implications for the broader economy and related jobs remain underexplored. The authors quantify these impacts in the EU in a global Computable General Equilibrium (CGE) model, combining techno-economic assumptions about electric vehicles with deployment scenarios derived by energy models. They augment input-output tables underlying the JRC-GEM-E3 model with an explicit representation of vehicle manufacturing and upgrade the modelling of vehicle purchase and operation. Their findings illustrate that greater road transport electrification reduces the overall costs of climate mitigation, primarily driven by lower fuel costs for electric vehicles and a faster decline of battery costs. Transport electrification alters supply-chains and leads to structural shifts in employment from traditional vehicle manufacturing towards battery production, electricity supply and related investments. Finally, they expand the set of labour market indicators to cover skills and occupations, to refine the socio-economic assessments of climate policy.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/00401625
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Supplemental Notes:
- © 2022 The Authors. Published by Elsevier Inc. Abstract reprinted with permission of Elsevier.
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Authors:
- Tamba, Marie
- Krause, Jette
- Weitzel, Matthias
- Ioan, Raileanu
- Duboz, Louison
- Grosso, Monica
- Vandyck, Toon
- Publication Date: 2022-9
Language
- English
Media Info
- Media Type: Web
- Features: Appendices; Figures; References; Tables;
- Pagination: 121803
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Serial:
- Technological Forecasting and Social Change
- Volume: 182
- Issue Number: 0
- Publisher: Elsevier Science Publishing Company, Incorporated
- ISSN: 0040-1625
- Serial URL: http://www.sciencedirect.com/science/journal/00401625
Subject/Index Terms
- TRT Terms: Climate change; Economic models; Electric vehicles; Employment; Greenhouse gases; Highway transportation
- Subject Areas: Economics; Environment; Highways; Vehicles and Equipment;
Filing Info
- Accession Number: 01855672
- Record Type: Publication
- Files: TRIS
- Created Date: Aug 24 2022 3:02PM