Policy Incentives for the Adoption of Electric Vehicles across Countries

TLDR

Electric vehicles reduce CO₂ emissions and lessen fossil‑fuel dependence, prompting many countries to set targets and adopt policies, yet broader adoption still requires additional incentives and infrastructure support. The paper reviews policies that countries can adopt to stimulate the electric‑vehicle market. The authors analyze how policies influence EV adoption using the United States as a case study. The study identifies effective policies that can spur the market and recommends that countries learn from one another and tailor policies to their circumstances.

Abstract

Electric vehicles (EVs) have prominent advantages for reducing CO2 emissions and alleviating the dependence on fossil fuel consumption in the transport sector. Therefore, many countries have set targets for EV development in recent years and have employed a number of policies to achieve environmental objectives and alleviate the energy pressure. Despite the fact that the adoption of EVs has increased in the past few years, more policies, such as financial incentives, technology support or charging infrastructure, should be made by governments to promote broader range use of EVs. In this paper, we review the relevant policies that different countries may adopt for stimulating the market of EVs. Based on this, we analyze the relationship between the policies and the adoption of EVs by taking America as an example. In conclusion, some effective policies are summarized to spur the market. Therefore, each country should learn from each other and employ effective policies based on the actual situation.