Revived Government Incentives Expected to Help Electric Auto-makers Deal with Market Barriers

Increasing concerns for the environment and steadily increasing fuel prices in recent years have boosted the growth of Electric Vehicles (EVs) worldwide. A number of cost-benefits are associated with the use of EVs, such as reduced emissions, decreased pollution and a reduction in the associated environmental impact of automobiles. They also have lower refueling costs as well as maintenance costs compared with gasoline vehicles. EVs are also faced with a number of barriers such as longer recharge times, a lack of proper charging infrastructure, the increased cost of the batteries and a limited range before requiring recharging compared to gasoline vehicles. In spite of these barriers, revived government incentives are expected to help auto-makers to deal with these market barriers. These government incentives, which include tax exemptions or credits, are helpful in increasing the purchase of EVs worldwide. In Arizona, US, the EV equipment tax credit is available, which provides individuals with a maximum of around $75 for carrying out the installation of EV outlets. In Germany, EVs are exempted from the annual circulation tax for 10 years, applicable from the first registration date of the EV. The governments of various countries such as the US, France, the UK, Australia, Canada and Japan are also now offering incentives to increase the sale of EVs. Plans and policies such as incentive programs and tax rebates have helped to deploy EVs on a large scale.

Full Report Details at
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Scope

* Developments in the electric vehicle industry globally.
* Barriers limiting the growth of electric vehicles.
* The role of government incentives in the promotion of electric vehicles.

Reasons to Get this Report

* Identify the electric vehicle activities taking place globally.
* Gain insight into the growth opportunities and barriers for electric vehicles.
* Develop government incentives to help out with the wide-scale adoption of electric vehicles.

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