New Supports Emerge For EVs

Electric Vehicle Incentives

1Q 2016 (Navigant Research)

“Plug-in electric vehicles (PEVs) provide a number of advantages over conventional internal combustion engine-powered vehicles…[including cost reductions and avoiding] gas stations, oil changes, and emissions tests…[but] they have not yet been significant enough to justify the high premium that must be paid for the technology…PEVs also enable owners to minimize oil consumption to suit environmental and/or geopolitical concerns…Most global governments and the electric power sector benefit from these impacts…[so national, state, and local governments and utilities in developed and some developing regions have] established policies to ensure supply and demand for PEVs. Although supply-side policies have been fundamental to broad PEV market development, demand-side policies have been particularly effective at driving sales growth to specific markets…” click here for more

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