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GOVERNMENTS Countries can also benefit from the electrification trend. Governments have an opportunity to position their country for the potential long-term gains that aircraft electrification could generate. Governments must eval- uate what kinds of benefits they would be able to cap- ture, and work to quantify them to generate the coun- try-level business case. Potential benefits at a country level could include: Job creation and increased employment in highly skilled sectors (both aerospace and electronics industries, among others) with reputational gains and positive exter- nalities for the entire country Increased long-term GDP growth A potential long-term boost to productivity Governments must thus set up new industrial strategies which consist of tax incentives to attract investment from the right companies, and potentially co-invest into public-private partnerships as a vehicle to increase the pace of innovation. Governments can also position themselves at the cutting edge of regulation to enable technology demon- strators – but also ultimately, enable the certification of new aircraft platforms. In contrast to the regulation of supersonic flight in the US, which deterred innovation by banning supersonic flight over land, regulation must be structured so as to encourage innovation. Finally, aircraft electrification represents a major op- portunity for research institutes and universities. Think:Act 29 Aircraft Electrical PropulsionPDF Image | Aircraft Electrical Propulsion The Next Chapter of Aviation 2017
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