| Author (Person) | Delanote, Julie, Ferrazzi, Matteo, Ghodsi, Mahdi, Hanzl-Weiß, Doris, Kolev, Atanas, Locci, Antonello, Petti, Stephane, Rückert, Désirée, Schanz, Jochen, Slacik, Tomas, Stanimirovic, Melani, Stehrer, Robert, Weiss, Christoph, Wuggenig, Michael |
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| Author (Corporate) | Austrian National Bank (OeNB), European Investment Bank: Economics Department, Vienna Institute for International Economic Studies (wiiw) |
| Publisher | European Investment Bank |
| Series Title | EIB Thematic Studies |
| Publication Date | March 2022 |
| ISBN | 978-92-861-5097-5 |
| Content Type | Report |
Abstract:After spending 120 years producing petrol and diesel engines, the automotive sector is on the cusp of a new and entirely electric age, at least in Europe. The combined effect of new regulations and the plans of original equipment manufacturers (OEMs) suggest that the era of internal combustion engine vehicle powertrains — including plug-in and hybrid models — will be over on the continent by 2035. Central, Eastern and South-Eastern European (CESEE) countries — largely dependent on the choices taken at the headquarters of the main automotive players — are set to be an integral part of the electrification trend in the European automotive industry and some are even projected to become electrification hubs in the future, but many challenges remain. The report analyses the role of the automotive industry in CESEE and investigates how prepared is the region for the largest structural change in the history of “the machine that changed the world”. |
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| Source Link |
Link to Main Source
https://doi.org/10.2867/934682
Alternative sources
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| Subject Categories | Business and Industry |
| Subject Tags | Automotive Industry, Manufacturing |
| Countries / Regions | Central Europe, Eastern Europe, Southeastern Europe |
