Government Incentives and Electric Vehicle Adoption: A Global Perspective

Abstract

Government subsidies have driven global EV adoption. Numerous nations have implemented registration fee exemptions, tax credits, refunds, and subsidies to encourage electric car adoption and the transition to greener transportation. global impact of government financial incentives on EV adoption. Analyzing financial and non-financial incentives in North America, Europe, and Asia shows how they affect customer behavior, market penetration, and EV sector growth. Concerns include the policy' long-term viability, ability to resolve socioeconomic disparities in EV adoption, and unintended consequences. This comparison study aims to illuminate ways to encourage electric mobility to improve the environment and reduce transportation-related carbon emissions.