Last Updated: February 2020 by Narasimhan Santhanam
This post is a part of EV Next’s EV Perspectives.
EV Next, a division of EAI, is a leading market intelligence & strategic consulting firm for the Indian e-mobility sector.
The United States and China are the largest electric vehicle (EV) markets. In 2016, China had 336,000 new EV registrations and the United States had 160,000 after a slight drop in 2015. Currently, policy support is playing a major role in developing and deploying EVs in both countries since EVs are still at a disadvantage compared to conventional vehicles. The high upfront price tag of EVs is one factor deterring consumers. In 2016, EVs cost about $15,000 more than conventional vehicles on average and are not expected to match the price of conventional vehicles until 2025. Other disadvantages such as limited access to charging stations, relatively slow charging, and an oft-limited travel range make EVs less attractive to consumers. This article will discuss policy tools used by the United States and China to address the above problems, including providing incentives, installing charging stations, research and development (R&D), and fleet procurement.
|In 2016, China had 336,000 new EV registrations||United States had 160,000 after a slight drop in 2015|
|EV Charging Stations|
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See also the blog posts:
- Standards for EV Chargers in India – Electric Vehicle Charging Protocol – CCS, CHAdeMO, GB/T…
- Indian EV Startup Investments – Electric Vehicle Company Funding, Partnerships, M&A
- Global MOVE Summit 2018 – Highlights, Policy Announcements, Insights, Investments…
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