Funding the Transition to All Zero-Emission Vehicles
10/14/2019
Governments around the world actively steer their markets toward electric vehicles (EVs). Among the key considerations for governments are: what types of support for incentives, infrastructure, and other programs are needed; how long to offer funding; and how the costs and benefits compare. This white paper analyzes the costs, benefits, and associated government funding, with the switch to all passenger EVs. The research quantifies funding based on incentives that are aligned with declining EV costs and the expenditures of exemplary programs in several high-EV uptake markets. The relative costs, benefits, and government outlays are analyzed for the switch to all EVs in the light-duty vehicle markets of the United States and Germany.
Authors: Slowik, P.; Hall, D.; Lutsey, N.; Nicholas, M.; Wappelhorst, S.
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This copyrighted publication can be accessed on The International Council on Clean Transportation's website.