Selected Impacts of Regulation (EU) 2019/631 On Value Creation in the Automative Industry

2021 ◽  
Vol 17 (3) ◽  
pp. 76-87
Author(s):  
Romana Čižinská ◽  
Jana Chládková
Keyword(s):  
Value Creation ◽  
Automotive Industry ◽  
Automotive Sector ◽  
Commercial Vehicles ◽  
Road Transportation ◽  
Passenger Cars ◽  
Value Drivers ◽  
Profit Margins ◽  
Customer Base ◽  
Low Emission

Abstract Road transportation is responsible for a significant part of the EU’s total CO2 emissions. Therefore, the automotive sector is subject to continuously strengthening environmental regulation. Regulation (EU) 2019/631 of the European Parliament and of the Council of 17th April 2019 sets, for the period from 2020 to 2024, an EU fleet-wide target of 147 g CO2/km for the average emissions of new light commercial vehicles and an EU fleet-wide target of 95 g CO2/km for the average emissions of new passenger cars, phasing in for 95% of vehicles in 2020 with 100% compliance in 2021. If a manufacturer does not meet given CO2 standards, the excess emissions premium (penalty) is to be charged. Value creation in the automotive sector across the supply chain is necessarily undergoing a process of change. Manufacturers of passenger cars and light commercial vehicles are forced either to face a massive penalty or to invest in the development of low-emission technology and in the change of the production portfolio towards zero- and low-emission vehicles with lower profit margins and a relatively unformed customer base. The aim of this paper is to identify how the excess emissions premium affects the value creation in the automotive industry. Our methodology utilizes the income-based valuation approach. First, we conduct an analysis of the key financial value drivers of automotive companies in the period from 2016 to 2019. Subsequently, we make a prognosis of value drivers for the future period affected by the above-mentioned regulation.

scholarly journals Composite materials in automotive industry: A review

Industrija ◽  
2021 ◽  
Vol 49 (2) ◽  
pp. 57-68
Author(s):  
Jovana Spasenović ◽  
Ivan Blagojević
Keyword(s):  
Composite Materials ◽  
Automotive Industry ◽  
High Performance ◽  
Manufacturing Processes ◽  
Automotive Sector ◽  
Occupant Protection ◽  
Low Emission ◽  
Design And Manufacturing ◽  
Natural Composites ◽  
High Level

Composite materials have found extensive use among many industries including automotive. Vehicles are supposed to be lightweight, have low emission and energy consumption to provide some environmental protection while having appropriate stiffness and strength to assure occupant protection. These requirements can be met with the use of composite materials. Although composites have been present in the industry for decades, their use in the automotive sector is moderately new, which requires development in design and manufacturing processes, testing, and recycling - this paper indicates the details by which the automotive industry differs from others. Principal recycling methods, related legislation, and where recycling products are used are described. Specific uses of composite materials that show a high level of innovativeness are indicated - hybrid and natural composites, structural batteries, and high-performance vehicles.

scholarly journals A Method of Analyzing the Residual Values of Low-Emission Vehicles Based on a Selected Expert Method Taking into Account Stochastic Operational Parameters

Energies ◽  
2021 ◽  
Vol 14 (21) ◽  
pp. 6859
Author(s):  
Piotr Wróblewski ◽  
Wojciech Lewicki
Keyword(s):  
Urban Areas ◽  
Secondary Market ◽  
Operational Parameters ◽  
Commercial Vehicles ◽  
Passenger Cars ◽  
Implementation Processes ◽  
Low Emission ◽  
Commercial Program ◽  
Residual Values

Increasing the market share of low-emission vehicles in relation to individual mobility is one of the main postulates of modern transport policy. In the discussion on low-emission and the new structure of the car fleet, the role of new vehicles is emphasized above all, ignoring the importance of the secondary market. In recent years, both in Poland and in other European Union countries, there has been a noticeable dynamic development of electromobility implementation processes in urban areas, the initial effect of which is increasing market accessibility to commercial vehicles with electric EV/BEV, hybrid HEV/PHEV and fuel cell powered FCEV. As in the case of vehicles powered by conventional ICEV fuels, also in relation to those defined as low-emission, their residual value is lost along with the operational process. Information on this variable is important both for the owner of a newly purchased vehicle, which after the period of its operation will decide to sell it as well as to the future buyer. The scientific aim of the study is to analyze the residual values of selected vehicle models from the primary and secondary market, with particular emphasis on stochastic operational phenomena. The subject of the research is to obtain extensive knowledge on the achieved changes in the residual values of low-emission vehicles in relation to ICEVs. For this purpose, a comparative analysis of the commercial program, data approximated from auction portals and own numerical modeling tool based on a neural network was performed. The research sample included, among others, selected models of passenger cars, the purchase offer of which included the choice of a drive unit powered by conventional and low-emission fuels. The use of this method allowed to answer the question whether low-emission vehicles are characterized by a greater or lesser loss of value in relation to conventionally powered vehicles ICEV.

Ecological Innovations in the Automotive Sector. Part I: Construction Innovations

2018 ◽  
Vol 19 (11) ◽  
pp. 30-35
Author(s):  
Marta Wójcik
Keyword(s):  
Automotive Industry ◽  
Diesel Engines ◽  
New Technologies ◽  
Negative Impact ◽  
The Other ◽  
Automotive Sector ◽  
Environmental Aspects ◽  
Car Industry ◽  
Human Transport ◽  
Sector Part

The automotive sector is one of the fastest growing sectors of economy. The increasing amount of cars both in Polish and world roads results in the immeasurable benefits associated with the goods and human transport. On the other hand, this phenomenon caused the contamination of the environment. During the fuel combustion in petrol or diesel engines, the harmful gases, for example CO2, NOx and SOx are emitted. Apart from the negative impact on the environment, the emission of the aforementioned gases results in the deterioration of human conditions, as well as, the development of civilization diseases. In order to minimalize the harmful influence of an automotive industry on the environment, new technologies which can reduce the consumption of fuel or limit the fumes emission are developed. The first part of paper presents new solutions in an automotive sector which influence on the decline of the negative impact of automobiles on the environment. Additionally, proposed solutions affect the development of a car industry, taking into consideration environmental aspects.

scholarly journals Eco-design processes in the automotive industry

2020 ◽  
Vol 26 (4) ◽  
pp. 131-137
Author(s):  
Ewelina Staniszewska ◽  
Dorota Klimecka-Tatar ◽  
Matevž Obrecht
Keyword(s):  
Supply Chain ◽  
Automotive Industry ◽  
Raw Materials ◽  
Environmental Damage ◽  
Passenger Cars ◽  
Chain Management ◽  
Design Processes ◽  
Current State ◽  
Life Phase ◽  
The Impact

AbstractEvery year approximately 70 million passenger cars are being produced and automotive industry is much bigger then just passenger cars. The impact of automotive industry on the environment is tremendous. From extracting raw materials through manufacturing and assembly processes, exploitation of the vehicle to the reprocessing irreversible, extensive environmental damage is done. The goal of this study is to show how implementing eco-design processes into supply chain management can reduce the impact of automotive industry on the environment by e.g. reducing the use of the fuel, increasing the use of recycled materials. Focus is on evaluation of current state, environmental impacts and potential improvements for design, raw materials, manufacturing and distribution and end-of-life phase.

scholarly journals Model of Identification and Management of Technological Innovations in Product Development: A Case Study in the Automotive Industry

2018 ◽  
Vol 7 (2) ◽  
pp. 30
Author(s):  
Cristian Lucas Endler ◽  
Pedro Paulo de Andrade Júnior
Keyword(s):  
Product Development ◽  
Automotive Industry ◽  
Industrial Production ◽  
Technological Innovations ◽  
Automotive Sector ◽  
Economic Potential ◽  
New Model ◽  
Scientific Databases ◽  
Innovation Model

This article aims to propose a new model of technological innovations, as well as using it in a case study in the automotive industry. After an analysis of the main scientific databases, it was verified that the present work is unprecedented in presenting a unified model of identification and management of technological innovations. In methodological terms, the bibliometric and systemic analyzes were performed in order to identify the main technological innovations inherent in the automotive industry. In terms of research results, a cohesive innovation model was obtained, which, once based on the concepts of sensitive innovation and latent innovation, allows the identification and the consequent valuation of the economic potential of the main technological innovations in the area desired by the manager who will apply it. As an example, the model was applied specifically in the automotive sector, but its methodology can be generalized to any area of industrial production.

Is Malaysia Ready for the Fourth Industrial Revolution?

2018 ◽  
pp. 41-64 ◽  
Author(s):  
Mathew Maavak ◽  
Aini Suzana Ariffin
Keyword(s):  
Automotive Industry ◽  
Industrial Revolution ◽  
Automotive Sector ◽  
Traditional Role ◽  
Fourth Industrial Revolution ◽  
Global Innovation ◽  
The World ◽  
Challenges And Opportunities

Malaysia intends to ride on the crest of the coming i.4.0 wave. According to the 2016 GE Global Innovation Barometer study, a significant number of Malaysian executives felt positive about embracing i4.0 vis-a-vis their global peers. On the surface, Malaysia appears ready for its own i4.0 revolution. According to the WEF's Networked Readiness Index on digital readiness, Malaysia was ranked 6th in terms of having the most tech-savvy government in the world. The automotive sector is ideally suited to kickstart the i4.0 revolution as it was traditionally regarded as the “industry of industries” – particularly due to its traditional role in spearheading wider, cross-sectoral industrialisation. However, Malaysia is not yet ready to embrace the 4th Industrial Revolution. This chapter discusses the obstacles, challenges, and opportunities facing i4.0 uptake in the Malaysian automotive industry. It ends by recommending a unique pathway for i4.0 adoption in the sector.

E-Business Standardization in the Automotive Sector

2009 ◽  
pp. 2284-2303
Author(s):  
Martina Gerst ◽  
Kai Jakobs
Keyword(s):  
Automotive Industry ◽  
International Committee ◽  
Automotive Sector ◽  
Crucial Aspect ◽  
Electronic Marketplaces ◽  
Business Systems ◽  
The Individual

Successful cooperation between large manufacturers and their suppliers is a crucial aspect, especially in the automotive industry. Such mutually beneficial cooperation requires at least a certain level of integration and interoperation of the partners’ IT and e-business systems. This chapter looks at two approaches in order to achieve this goal: sector-specific harmonization (in the form of electronic marketplaces) and international, committee-based standardization. This chapter shows that SMEs are facing a severe disadvantage in both cases. This is, however, less pronounced in a formal standards setting, in which capabilities of the individual representatives are more important, at least at the working level.

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