The Impacts of government policies on the adoption of electric vehicles

Abstract

The need for Electric Vehicles (EVs) to mitigate greenhouse gas emissions is growing as the climate crisis intensifies. Governments worldwide are adopting diverse measures to promote the widespread adoption of EVs. By using the fixed effect model, this paper demonstrates that the number of public charging points, EPS (Environmental Policy Stringency), installation subsidies for chargers, and purchase subsidies all exhibit a positive impact on EV adoption. Among these, the most influential policy is the provision of a greater number of charging points. Regarding EPS, policies directly addressing financial considerations outperform those that do not. By covering many countries, this paper illustrates the broad impact of government policies on the adoption of EVs and provides insights into policies from a consumer perspective.