Accelerating the Global Adoption of Electric Vehicles: Barriers and Drivers

For EVs to achieve a large-scale market presence, the regulatory framework needs to be designed in a way that incorporates both push and pull factors within its incentive schemes. These incentives can be aimed at dwindling the total cost of ownership compared to conventional vehicles, overcoming obstacles to EV usage and offering EV buyers benefits that offset EV liabilities, thus alleviating the risks of buying and using EVs early in their developmental stage.