Analysis of Regional Policies and Regulations in Support of Electric Commercial Vehicles
Analysis of Regional Policies and Regulations in Support of Electric Commercial Vehicles
Incentives Targeting the Adoption of Electric Trucks and Buses Set to Increase and Boost Future Growth Potential
26-Oct-2023
North America
Market Research
Description
Globally, incentives to purchase electric trucks and buses in the form of subsidies, tax cuts, or even penalties related to internal combustion engine (ICE) vehicles can go a long way in making electric vehicles (EVs) attractive to fleets by considerably lowering the acquisition cost. Incentives also give original equipment manufacturers (OEMs) producing EVs a boost toward investing more in the EV ecosystem to increase their scale of production, which eventually will contribute to lower costs.
Fleets need to consider the total cost of ownership when acquiring alternate powertrain vehicles. They must pursue incentives that will bring down costs even further. Supplier-side credits and carbon taxes on OEMs will be a key driver to increase the production of clean energy vehicles, especially commercial vehicles that make up the majority of carbon emissions in the transportation industry.
Government issued incentives to establish EV charging infrastructure facilities will support the expansion and scaling of a charging ecosystem, both public and depot-based charging, and support the proliferation of EVs. Setting up charging infrastructure involves a greater ecosystem comprised of diverse players, including charging equipment manufacturers, charge point operators, fleet and charging software companies, and energy utilities.
Fleets are more incentivized to adopt electric trucks and buses when they have added support to set up charging infrastructure. A lot of OEMs are also offering additional services on this front by linking up with charging equipment manufacturers and utility companies. Many new companies have joined the electric charging infrastructure space, either through equipment or software, which increases the scope of participation and value created.
For this analysis of the global electric commercial vehicles industry, the study period is 2022 to 2030. The regions covered include North America (Canada and the United States); Europe (France, Germany, Italy, Spain, United Kingdom, Norway, the Netherlands, Belgium, Poland, Denmark, Sweden, Switzerland, Finland, Austria); China; and India.
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Electric Commercial Vehicle (CV) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Electric CV Favorability
Electric CV Favorability (continued)
Research Scope
Segmentation
Electric Vehicle (EV) Incentives and Taxation—France
EV Infrastructure Incentives—France
EV Incentives and Taxation—Germany
EV Infrastructure IncentivesGermany
EV Incentives and Taxation—Italy
EV Infrastructure Incentives—Italy
EV Incentives and Taxation—Spain
EV Infrastructure Incentives—Spain
EV Incentives and Taxation—United Kingdom
EV Infrastructure Incentives—United Kingdom
EV Incentives and Taxation—Norway
EV Infrastructure Incentives—Norway
EV Incentives and Taxation—Netherlands
EV Infrastructure Incentives—Netherlands
EV Incentives and Taxation—Belgium
EV Infrastructure Incentives—Belgium
EV Incentives and Taxation—Poland
EV Infrastructure Incentives—Poland
EV Incentives and Taxation—Denmark
EV Infrastructure Incentives—Denmark
EV Incentives and Taxation—Sweden
EV Infrastructure Incentives—Sweden
EV Incentives and Taxation—Switzerland
EV Infrastructure Incentives—Switzerland
EV Incentives and Taxation—Finland
EV Infrastructure Incentives—Finland
EV Incentives and Taxation—Austria
EV Infrastructure Incentives—Austria
EV Incentives and Taxation—United States
EV Infrastructure Incentives—United States
EV Incentives and Taxation—Canada
EV Infrastructure Incentives—Canada
EV Incentives and Taxation—China
EV Infrastructure Incentives—China
EV Incentives and Taxation—India
EV Infrastructure Incentives—India
Growth Opportunity 1—Greater EV Affordability
Growth Opportunity 1—Greater EV Affordability (continued)
Growth Opportunity 2—Increasing Support to Charging Infrastructure
Growth Opportunity 2—Increasing Support to Charging Infrastructure (continued)
Growth Opportunity 3—Government Mandates and Corporate Goals Expedite Electric Powertrain Adoption
Growth Opportunity 3—Government Mandates and Corporate Goals Expedite Electric Powertrain Adoption (continued)
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Popular Topics
Deliverable Type | Market Research |
---|---|
Author | Marshall Martin |
Industries | Automotive |
No Index | No |
Is Prebook | No |
Keyword 1 | Regional Policies on Electric Vehicles |
Keyword 2 | Commercial Electric Vehicle Industry |
Keyword 3 | Electric Vehicle Market Growth Analysis |
Podcast | No |
WIP Number | PEF9-01-00-00-00 |