Gradual tightening of fuel economy and tailpipe CO 2 standards has augmented the role of EVs to meet the standards.

Such measures were implemented as early as the 1990s in Norway, 1 in the United States in 2008 and in China in 2014. The measures – primarily purchase subsidies, and/or vehicle purchase and registration tax rebates – were designed to reduce the price gap with conventional vehicles. Significant fiscal incentives spurred the initial uptake of electric light-duty vehicles (LDVs) and underpinned the scale up in EV manufacturing and battery industries. Main policy drivers of EV adoption to date

In addition, specific policy support and model expansion for the medium- and heavy-duty vehicle segments will be crucial to mitigate emissions and make progress toward climate goals. Reaching a trajectory consistent with the IEA Sustainable Development Scenario will require putting 230 million EVs on the world’s roads by 2030.įor EVs to unleash their full potential to combat climate change, the 2020s will need to be the decade of mass adoption of electric light-duty vehicles. Over the last decade a variety of support policies for electric vehicles (EVs) were instituted in key markets which helped stimulate a major expansion of electric car models.īut the challenge remains enormous. And, this progress advanced in the midst of the Covid-19 pandemic and its related economic downturn and lockdowns. New initiatives for critical battery technology were launched. The availability of electric vehicle models expanded. Sales of electric cars were 4.6% of total car sales around the world. It was a pivotal year for the electrification of mass market transportation. Ten million electric cars were on the world’s roads in 2020.

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