Analyzing incentives and barriers to electric vehicle adoption in the United States
Farshid Javadnejad (),
Mohammad Jahanbakh (),
Cesar Ariel Pinto () and
Azita Saeidi ()
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Farshid Javadnejad: Old Dominin University
Mohammad Jahanbakh: The University of Texas at Arlington
Cesar Ariel Pinto: The University at Albany
Azita Saeidi: Old Dominin University
Environment Systems and Decisions, 2024, vol. 44, issue 3, 575-606
Abstract:
Abstract The adoption of electric vehicles (EVs) is influenced by a range of incentives and barriers. EVs offer benefits such as reduced emissions and lower costs but face challenges in gaining widespread acceptance. Government subsidies, tax credits, and EV charging infrastructure have played a pivotal role in driving EV adoption, making them more financially attractive and convenient. However, barriers such as high upfront costs, limited driving range, insufficient charging infrastructure, and consumer concerns about battery life and availability have hindered broader uptake. This study presents a novel approach that considers both incentives and barriers to summarize the factors influencing EV development in the US. Through a comprehensive literature review, we explore the various barriers and incentives that affect EV deployment. Using an advanced fishbone diagram, we categorize the factors into economic and market, technical, policy, and social categories, providing a better understanding of their interrelationships. We discuss critical incentives and barriers within each category, offering a detailed analysis of their impact on EV adoption. Additionally, we present the results of a quantitative analysis of selected factors by examining their correlations with EV sales. This research provides a comprehensive understanding of the incentives and barriers to EV development in the US, assisting policymakers and stakeholders in developing effective strategies and initiatives for promoting EV adoption and achieving a cleaner and more sustainable future.
Keywords: Eelectric vehicles adoption; Incentives; Barriers; Economic and market; Technical; Policy; Social factors; And advanced fishbone diagram (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:envsyd:v:44:y:2024:i:3:d:10.1007_s10669-023-09958-3
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DOI: 10.1007/s10669-023-09958-3
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