MRRS adds "Green Car Incentives: Industry success in four national EV markets led by incentive schemes" latest studies,published in January 2017. It is a professional and in-depth study.
While there are undoubtedly a number of factors impacting the varying rate of uptake of electric and hybrid vehicles (EVs) across the globe, government funded incentive schemes appear to play a key role. This case study investigates the success of some of these schemes in some of the major national markets, in an attempt to establish which facets are central to an effective incentive program.
Analyzes different incentive schemes for increasing electric vehicle usage
Analyzes industry growth for some of the major national markets
Provides MIT research utilizing some of the main pros & cons behind its approach to government subsidies
With some countries worldwide, regulating incentives on a national scale is not quite viable being that many must propose regulation and incentive dependent on the countries region or state. Examples such as China and the US have different laws applicable to different regions.
Norway has become a global front runner in the field of electro mobility and the Battery Electric Vehicle (BEV) market share is far higher than any other country. The apparent success of incentive policies for increasing sales of BEVs makes Norway an interesting case to learn from for other regions aiming to move in the same direction. Also, the diversity of incentives allows for discerning which strategies are likely to be the most successful in order to achieve higher market shares of any type of EVs.
Georgia Perakins of the MIT Sloan School of Management has developed a model that will help government decision makers set optimal subsidies to encourage the adoption of a green technology, taking into account the probable responses of suppliers and buyers of the new technology (in this case, EVs).
Figure And Tables
Figure 1: EV: Key benefits and hurdles
Figure 2: Hybrid & Electric car sales in the UK
Figure 3: Sales and Market Share of ULEVs in the UK over time
Figure 4: Volume of sales for BEV/PHEV/HEV vehicles in Norway (2008-2015)
Figure 5: Financial incentives and EV market share by country in 2014
Figure 6: Incentives for promoting Battery Electric Vehicle (BEV) adoption in Norway
Figure 7: China EV industry value in ($m)
Figure 8: Subsidies for green technology adoption: Modeling market dynamics
Figure 9: EVs sales before and after the withdrawal of incentives (Netherlands)
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