Executive Analysis of Global Policies and Regulations Supporting Electric Vehicles by Region

Executive Analysis of Global Policies and Regulations Supporting Electric Vehicles by Region

Incentives, Taxes, and Infrastructural Benefits in Europe, Asia-Pacific, and North America

This report looks into and analyses the monetary and non-monetary benefits that government agencies offer to promote electric vehicle (EV) adoption. These benefits are in the form of direct purchase incentives, tax and VAT rebates, and benefits in kind.

The scope of the study covers major EV markets in Europe (France, Germany, Italy, Spain, United Kingdom, Norway, Netherlands, Sweden, Finland), Asia-Pacific (Singapore, Indonesia, Thailand, Malaysia, South Korea, Japan), and North America (United States and Canada). Many countries are pushing towards electrification to reduce their carbon emission levels and achieve carbon neutrality in the coming years. To do this, they are drafting policies to help consumers consider EVs. Governments reduce prices and give benefits for EVs, while they increase the price internal combustion engine vehicles to discourage their purchase.

The research is split into two sections. The initial segment comprises a brief and concise global summary of the benefits related to incentives, taxes, and infrastructure. The second section, the appendix, presents a comprehensive breakdown of all the benefits mentioned earlier for more precise information.