Powering Innovation: How Government Subsidies Accelerate Electric Vehicle Breakthroughs

The Pie: An Economics Podcast
04/02/2025 26 min
Powering Innovation: How Government Subsidies Accelerate Electric Vehicle Breakthroughs

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Episode Synopsis

The automotive industry is at the forefront of a global shift toward sustainability, with nations setting ambitious electric vehicle (EV) adoption targets. But how do government subsidies and industrial policies shape the pace of EV innovation? Hyuk-soo Kwon, Assistant Professor at the Harris School of Public Policy, explores the impact of these policies on EV patenting, revealing how firms with established EV expertise drive rapid advancements through path-dependent innovation.

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