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more efficient vehicle concepts: technical possibilities and policy measures for implementation

Project Number: 203

Project Leader: Maria Börjesson

Start Date: 0000-00-00

End Date: 0000-00-00

Research Question Road vehicles are heavier, noisier and less fuel-efficient than what would be necessary if recent technological advances were used more. With anticipated further advances currently at the research stage, it will be possible to reduce weight and noise even further. But due to market imperfections in the form of external effects, lack of information and distortive pricing, these technical possibilities are not adopted to the extent that would be socially efficient. In this paper, we explain why current trends in terms of vehicle weight and noise constitute a problem, survey the recent and future technical possibilities to reduce these problems, explain what market failures hinder the implementation for these solutions, and discuss what policy measures could be used to correct these market imperfections

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