Governments at all levels have leveraged a variety of policy tools to overcome EV barriers and stimulate the market. The policy measures include regulations to ensure high EV model availability, financial incentives to make EVs cost competitive, charging infrastructure to ensure EVs are convenient, and campaigns to increase consumer awareness. The highest EV-uptake markets have all such actions in place, and they also tend to learn from international cooperation platforms to accelerate their transition to electric vehicles. Although regulation at the EU-level has been implemented through 2030, European governments have by and large not converted their 100% zero-emission goals to enforceable laws. The other top markets of China and the United States have several pioneering local markets, but otherwise are due for updated policies to ensure they are on paths toward a full transition to zero-emissions.

Although progress has been made through 2019, the global transition to electric vehicles is still at an early stage. Norway is the only country that appears to be truly on track to meet its electric vehicle goal. If Norway continues to grow at its current rate, it could achieve its 100% electric vehicle share goal in 2025. The other jurisdictions with vehicle electrification ambition will need to make significant progress to meet their targets. This brief from the international Council on Clean Transportation finds that continued policy support, as well as innovations in vehicle technology and progress in infrastructure build-out, will be needed to accelerate growth rates and ensure that the goals for full vehicle electrification are achieved.

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Date: July 13, 2020

Countries: International

States: None