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STUDENT COMMUNITY OF SUSTAINABLE MOBILITY

ΜΑΘΗΤΙΚΗ ΚΟΙΝΟΤΗΤΑ ΒΙΩΣΙΜΗΣ ΚΙΝΗΤΙΚΟΤΗΤΑΣ

STUDENT COMMUNITY OF SUSTAINABLE MOBILITY

ΜΑΘΗΤΙΚΗ ΚΟΙΝΟΤΗΤΑ ΒΙΩΣΙΜΗΣ ΚΙΝΗΤΙΚΟΤΗΤΑΣ

STUDENT COMMUNITY OF SUSTAINABLE MOBILITY

ΜΑΘΗΤΙΚΗ ΚΟΙΝΟΤΗΤΑ ΒΙΩΣΙΜΗΣ ΚΙΝΗΤΙΚΟΤΗΤΑΣ

STUDENT COMMUNITY OF SUSTAINABLE MOBILITY

My account

Study finds policy changes can impact on the EV market

The Joint Research Centre (JRC) has released a new study on fiscal incentives and electric vehicle sales, finding a high correlation of financial inducement and the purchase of an electric vehicle. Eight countries were included in the study: France, Germany, Italy, Hungary, the Netherlands, Norway, Poland, and the UK. The researchers performed a pairwise comparison of the total cost of ownership and electric car sales in the countries, allowing for cross-segment and cross-country comparison in the European countries. The findings show that, compared to their conventional equivalents, large electric vehicles have a lower total cost of ownership, higher sales, and seem to be less price responsive than small electric vehicles.

In Norway, incentives to purchase battery electric vehicles made up between 39 - 67 per cent of the net price – by far the largest of any country. It follows that Norway had the highest share of EVs in total new car registrations in 2014 at nearly 15%.

France, the UK, and the Netherlands followed with financial incentives covering between 10 and 40 per cent of the cost of a new electric car.

The researchers noted that the electric vehicle market is very susceptible to policy changes: a recently introduced German subsidy nearly doubled electric vehicle sales, while a reduction of incentives for plug-in hybrids in the Netherlands led to considerably fewer registrations of these vehicles.

For more information, visit ec.europa.eu (link is external)

reference: http://www.eltis.org/discover/news/study-finds-policy-changes-can-impact-ev-market