EVs supercharged incentives
If governments want more EVs, they’ll have to pay consumers to buy them and manufacturers to make them—at least for now
Electric vehicles (EVs) can't yet compete with internal-combustion-engine (Ice) rivals. So, if their market share is to keep growing, governments will have to support the trend. Making EVs cheap enough that buyers ditch their gasoline or diesel engine will be key. But manufacturers will probably need some incentives to get mass development under way too. "Possibly the most significant [contributors] are regulatory policies on the auto sector that aren't consumer-facing," says Scott Shepard, an analyst at Navigant Research, a consultancy specialising in green tech. "For example, fuel-efficiency regulations, or credit-trading schemes among auto companies." "If you're in compliance, you have a
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology