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Concept
Government incentives for plug-in electric vehicles
Summary
Government incentives for plug-in electric vehicles have been established around the world to support policy-driven adoption of plug-in electric vehicles. These incentives mainly take the form of purchase rebates, tax exemptions and tax credits, and additional perks that range from access to bus lanes to waivers on fees (charging, parking, tolls, etc.). The amount of the financial incentives may depend on vehicle battery size or all-electric range. Often hybrid electric vehicles are included. Some countries extend the benefits to fuel cell vehicles, and electric vehicle conversions.
More recently, some governments have also established long term regulatory signals with specific target timeframes such as ZEV mandates, national or regional emissions regulations, stringent fuel economy standards, and the phase-out of internal combustion engine vehicle sales. For example, Norway set a national goal that all new car sales by 2025 should be zero emission vehicles (electric or hydrogen). Other countries have announced similar targets for the electrification of their vehicle fleet, most within a timeframe between 2030 and 2050.
On May 21, 2022, Shanghai Municipal People's Government released and issued the "Shanghai Action Plan for Accelerating Economic Recovery and Revitalization" to promote automobile consumption. The incentive plan includes tax deduction and offers financial subsidy of per electrical vehicle.Renewable energy in China and Automobile industry in China
The Chinese government adopted a plan in 2009 with the goal of turning the country into one of the leaders of all-electric and hybrid vehicles by 2012. The government's intention was to create a world-leading industry that would produce jobs and exports, and to reduce urban pollution and its oil dependence. However, a study found that even though local air pollution would be reduced by replacing a gasoline car with a similar-size electric car, it would reduce greenhouse gas emissions by only 19%, as China uses coal for 75% of its electricity production.
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