Review of Policies for Promotion of Electric Vehicles

Abstract

This paper presents the review of policies and their possible effects for promoting the use of electric vehicles. Suggestions on faster implementation of electric vehicles can also be identified within best practices from abroad. Various countries have adopted different policies to promote the use of electric vehicles which include fiscal or other forms of incentives that would persuade people into buying electric vehicles. Possible effects are hard to determine since many variables affect a consumer's purchasing decisions. That is why identification of policies that have proven to be successful and those that have not achieved projected results and should be improved is necessary. Research has shown that countries with most promising policies for promotion have the biggest share of electric vehicles and invest the most in their promotion (fiscal incentives).