Policy Incentives for the Adoption of Electric Vehicles across Countries

Xingping Zhang, Jian Xie, Rao Rao and Yanni Liang
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Xingping Zhang: School of Economics and Management, North China Electric Power University, Box 80, Hui Long Guan, Chang Ping District, Beijing 102206, China
Jian Xie: School of Economics and Management, North China Electric Power University, Box 80, Hui Long Guan, Chang Ping District, Beijing 102206, China
Rao Rao: School of Economics and Management, North China Electric Power University, Box 80, Hui Long Guan, Chang Ping District, Beijing 102206, China
Yanni Liang: School of Economics and Management, North China Electric Power University, Box 80, Hui Long Guan, Chang Ping District, Beijing 102206, China

Sustainability, 2014, vol. 6, issue 11, 1-23

Abstract: Electric vehicles (EVs) have prominent advantages for reducing CO 2 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.

Keywords: electric vehicles; policy incentive; policy mechanism; relationship (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (52)

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