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Can Governments Jumpstart The European Electric Car Industry? Jun 11 Product Image

Can Governments Jumpstart The European Electric Car Industry? Jun 11

  • ID: 1833800
  • June 2011
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • BMW AG
  • Daimler AG
  • Fiat SpA
  • Peugeot S.A.
  • Renault S.A.
  • Volkswagen AG
  • MORE

Abstract
Cash-for-clunkers schemes throughout Europe in the economic downturn illustrated how effective government support for an industry can be. Consumers flocked to take up government cash incentives to scrap older vehicles for more energy-efficient new models, which helped boost demand and maintain jobs through the economic and financial crisis. Now that the car industry appears to be entering a recovery, albeit an uncertain one, we believe involvement in the auto industry by European governmental bodies is unlikely to diminish. Keeping the auto industry viable will stay high on the EU agenda, in our view, given the industry's key role as an employer, exporter, and source of tax income, including indirect taxes on fuel. According to IHS Global Insight, the automotive vehicle...

Companies mentioned in this report are:
- Renault S.A.
- Daimler AG
- Fiat SpA
- Peugeot S.A.
- Volkswagen AG
- BMW AG

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

- Renault S.A.
- Daimler AG
- Fiat SpA
- Peugeot S.A.
- Volkswagen AG
- BMW AG

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