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OEMs to Strategize Plan to Counter Expiration of their Incentives and Support Policies to Enable Total Sales of 3.3 Million EVs in 8 States by 2025
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The study identifies and analyzes the incentives provided by the federal and state governments to EV manufacturers, suppliers, and end customers in the United States. It evaluates how the incentives benefit the adoption and sales of EVs. It also attempts to determine the gap between incentives provided by the government to OEMs or customers for electric and autonomous cars and how it can be filled.
In-depth analysis of the federal incentives covers the benefits of direct and indirect incentives offered at the federal level to consumers, including their impact on the state EV penetration rate. The study analyzes the gaps in the federal incentive structure and sketches the plans for market evolution to help OEMs, suppliers, and customers develop or adopt autonomous and connected car technologies.
OEM strategies and insights explain the market scenario and EV sales. Impact analysis over the phase-out of federal tax credit for various OEMs has been carried out and strategic analysis has been performed to understand how OEMs with the tax credit disadvantage are trying to build plans to sustain sales. Advantages and disadvantages for the early and late technology adopters due to the federal tax credit structure have been analyzed. Estimates for the phase-out year of federal tax credit by OEM are also included.
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