Adopting electric vehicles
Many countries have rolled out electric vehicle (EV) incentives, however, the purpose, regulations and incentives vary vastly from country to country, according to a research report titled “Green Car Incentives: Industry success in four national EV markets led by incentive schemes”. For instance, China and India have different laws for promoting EVs.
In China an EV plan was adopted in 2009 to reduce the country’s dependence on oil and focus on clean urban development.
Interestingly, Norway has now become the global leader in the field of electro mobility. The market shares for the battery electric vehicle (BEV) in Norway are higher than any other country. According to Ken Research, Norway’s incentives policies are contributing to higher BEV sales. Other regions should learn from Norway’s experience and move towards adopting similar policies for ensuring quick and widespread adoption of BEVs, the research adds.
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