Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea
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 develop...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universidad Alberto Hurtado
2021-01-01
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| Series: | Journal of Technology Management & Innovation |
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| Online Access: | https://www.jotmi.org/index.php/GT/article/view/3528 |
| _version_ | 1819236380312600576 |
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| author | Euna Lee Jai S. Mah |
| author_facet | Euna Lee Jai S. Mah |
| author_sort | Euna Lee |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-23T13:03:31Z |
| format | Article |
| id | doaj.art-cf0e8fc7b2824eb4a160e0b11e1b975e |
| institution | Directory Open Access Journal |
| issn | 0718-2724 |
| language | English |
| last_indexed | 2024-12-23T13:03:31Z |
| publishDate | 2021-01-01 |
| publisher | Universidad Alberto Hurtado |
| record_format | Article |
| series | Journal of Technology Management & Innovation |
| spelling | doaj.art-cf0e8fc7b2824eb4a160e0b11e1b975e2022-12-21T17:45:57ZengUniversidad Alberto HurtadoJournal of Technology Management & Innovation0718-27242021-01-0115410.4067/S0718-27242020000400071Industrial Policy and the Development of the Electric Vehicles Industry: The Case of KoreaEuna Lee0Jai S. Mah1Business School, Seoul National University, Seoul 08826Division of International Studies, Ewha Womans University, Seoul 03760The 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.https://www.jotmi.org/index.php/GT/article/view/3528electric vehiclesKoreaindustrial policyenvironment |
| spellingShingle | Euna Lee Jai S. Mah Industrial Policy and the Development of the Electric Vehicles Industry: The Case of Korea Journal of Technology Management & Innovation electric vehicles Korea industrial policy environment |
| title | 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_short | 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 |
| topic | electric vehicles Korea industrial policy environment |
| url | https://www.jotmi.org/index.php/GT/article/view/3528 |
| work_keys_str_mv | AT eunalee industrialpolicyandthedevelopmentoftheelectricvehiclesindustrythecaseofkorea AT jaismah industrialpolicyandthedevelopmentoftheelectricvehiclesindustrythecaseofkorea |