Strategic Intent and BEV adoption: Comparing EU, US, and China

Abstract:

The impact of public policy on industry outcomes is understudied. This is an omission because the survival of firms in the private sector critically depends on the regulatory framework under which they operate. We study this topic in the automotive industry, which is a prime example of an important global industry that has been the target of public policy throughout its history. A lack of knowledge on the effectiveness of public policy aimed at specific industries is an omission. Policy impacts strategic choices made by firms and directly impacts their survival. Because of this important role of policy, carmakers have a long tradition of lobbying and using other forms of influence to shape public decision-making and secure favorable regulations. Nevertheless, the effect of different types of policies on firms is not well understood. Particularly evidence on the macro-level effectiveness of policies is missing.