Assessing the effectiveness of financial incentives on electric vehicle adoption in Europe: Multi-period difference-in-difference approach

Edlaine Correia Sinézio Martins, Julien Lépine and Jacqueline Corbett

Transportation Research Part A: Policy and Practice, 2024, vol. 189, issue C

Abstract: Electric vehicles (EVs) are considered a promising alternative to achieve a cleaner transportation sector. In the last decade, European countries have implemented financial incentive policies to boost EV adoption. This paper estimates the impacts of these policies on EV adoption in Europe using data from 30 countries from 2012 to 2021 and a multi-period difference-in-differences approach. Our results reveal that purchase incentive policies are associated with increased registrations of battery electric vehicles and plug-in hybrid vehicles, and that the effect holds over time. However, the magnitude and duration of these effects are more significant for battery electric vehicles. Ownership incentive policies do not contribute to EV registrations for either type. Further, the results suggest that policy impacts vary between countries with different levels of gross domestic product per capita and renewable energy consumption. These results contribute to the literature on evaluating financial incentive policies for EV adoption, enabling improved decision making by policymakers.

Keywords: Electric vehicles; Financial incentives; Sustainability; Europe; Multi-period difference-in-differences (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0965856424002659
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:transa:v:189:y:2024:i:c:s0965856424002659

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tra.2024.104217

Access Statistics for this article

Transportation Research Part A: Policy and Practice is currently edited by John (J.M.) Rose

More articles in Transportation Research Part A: Policy and Practice from Elsevier
Bibliographic data for series maintained by Catherine Liu ().