Electric and Autonomous Vehicle Incentives in the US, Forecast to 2025

Electric and Autonomous Vehicle Incentives in the US, Forecast to 2025

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

RELEASE DATE
22-Nov-2018
REGION
North America
Research Code: K300-01-00-00-00
SKU: AU01794-NA-MR_22844

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Description

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.

Research Scope

  • Understanding the key incentives for electric and autonomous cars in the US
  • Understanding how incentives have boosted EV sales over the past 3 years
  • Analyzing the impact of financial incentives on various brands’ performance
  • Providing an overview of the states’ direct and indirect incentives, including their impact on the state EV penetration rate
  • Understanding how US incentives vary among the top 3 EV markets
  • Analyzing how the incentives will have to evolve to manage government revenues and provide stable support to sustain the market growth of new technologies

Research Highlights

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.

Key Issues Addressed

  • What are the incentives, how are they structured, and why are they needed?
  • How are incentives impacting the sales of EV among OEMs/suppliers/service providers? How would their withdrawal affect sales and EV market adoption?
  • What are the various incentive formats that gained customer attraction and helped in boosting sales/adoption of EVs? Which of them, if regained/re-introduced, will help in EV adoption?
  • How should governments optimally improve their EV incentive programs to sustain market growth?
  • How long will financial purchase incentives be needed to sustain the EV market growth and how should it evolve to help OEMs/suppliers/customers to develop/adopt autonomous and connected car technology?

Table of Contents

Financial Incentives

Federal Incentives

Need for State Incentives

Incentive Expiration—Georgia

Research Scope

Research Aim and Objectives

Research Methodology

Research Background

Key Findings

Federal Incentives

Federal Incentives—Analysis

Taxi Market—Incentives and Grants

Tax Credit Framework and Real-time Impact

Future Outlook

Key Takeaways

Key Findings

Need for State Incentives

EV Incentives and Market Share—California

Incentive Expiration—Georgia

State Incentive Mapping

Proposed and Implemented Policy

Proposed and Implemented Market Development Incentives

Proposed and Implemented Market Development Incentives in 2017

Proposed and Implemented State Financial incentives

Proposed and Implemented State Financial incentives in 2017

Value of State Incentives

States with Significant Impact

EV Ecosystem Outlook—California

EV Ecosystem Outlook—Washington

EV Ecosystem Outlook—Georgia

EV Ecosystem Outlook—Colorado

State Incentives for Suppliers

Other State EV Incentives

Key Takeaways

Key Findings

EV Sales in US Top-selling Models

Impact of Tax Credit Loss

Impact of Tax Credit on Future Electrification

Federal Tax Credit by Model

Tesla’s Incentive Expiration and Strategy

GM’s Incentive Expiration and Strategy

Nissan’s Incentive Expiration and Strategy

Overview of Government Incentives for PEVs

Overview of Government Incentives for PEVs (continued)

Financial Incentives

Financial Incentive Framework—Europe

Financial Incentive Framework—China

Breakdown of Direct Incentives in Top Markets for PEVs

Country Incentive Outlook

Breakdown of Indirect Incentives in Top Markets for PEVs

Available Incentives per Vehicle in Major EV Markets in 2017

EV Market Outlook—US

EV Market Outlook—China

EV Market Outlook—The Netherlands

EV Market Outlook—Norway

Incentive Analysis—Global Vs the US

Key Takeaways

Growth Opportunity

Strategic Imperatives for Success and Growth

Key Conclusions

The Last Word—3 Big Predictions

Legal Disclaimer

Abbreviations and Acronyms Used

List of Exhibits

List of Figures
  • 1. Electric and Autonomous Vehicle Incentives: Enacted Incentives, US, 2017–2025
  • 2. Electric and Autonomous Vehicle Incentives: Comparison of State Incentives, US, 2017–2025
  • 3. Electric and Autonomous Vehicle Incentives: Action on EV Policy, US, 2017–2025
  • 4. Electric and Autonomous Vehicle Incentives: Summary of EV Actions, US, 2017–2025
  • 5. Electric and Autonomous Vehicle Incentives: Action on EV Market Development, US, 2017–2025
  • 6. Electric and Autonomous Vehicle Incentives: Recent Development Actions by State, US, 2017–2025
  • 7. Electric and Autonomous Vehicle Incentives: Action on EV Incentives, US, 2017–2025
  • 8. Electric and Autonomous Vehicle Incentives: Recent Financial Incentive Actions Enacted by State, US, 2017–2025
  • 9. Electric and Autonomous Vehicle Incentives: Enacted Incentives, California, 2017–2025
  • 10. Electric and Autonomous Vehicle Incentives: Enacted Incentives, Washington, 2017–2025
  • 11. Electric and Autonomous Vehicle Incentives: Enacted Incentives, Georgia, 2017–2025
  • 12. Electric and Autonomous Vehicle Incentives: Enacted Incentives, Colorado, 2017–2025
  • 13. Electric and Autonomous Vehicle Incentives: Subsidies for EV and EV Component Suppliers by State, US, 2017–2025
  • 14. Electric and Autonomous Vehicle Incentives: PHEV and BEV Incentives, US, 2017–2025
  • 15. Electric and Autonomous Vehicle Incentives: Federal Tax Credit Phase-out Tracker by OEM, US, Till July 2018
  • 16. Electric and Autonomous Vehicle Incentives: Federal Tax Credit Phase-out Tracker by OEM, US, Till July 2018
  • 17. Electric and Autonomous Vehicle Incentives: Overview of EV Incentives, Global, 2017
  • 18. Electric and Autonomous Vehicle Incentives: Overview of EV Incentives, Global, 2017
  • 19. Electric and Autonomous Vehicle Incentives: Financial Incentives Framework, US, 2017
  • 20. Electric and Autonomous Vehicle Incentives: Framework of Financial Incentives, Europe, 2017
  • 21. Electric and Autonomous Vehicle Incentives: Framework of Financial Incentives, China, 2017
  • 22. Electric and Autonomous Vehicle Incentives: Overview of Direct Incentives, Global, 2017
  • 23. Electric and Autonomous Vehicle Incentives: Indirect Incentives, Global, 2017
  • 24. Electric and Autonomous Vehicle Incentives: Overview of Indirect Incentives, Global, 2017
  • 25. PEV Incentive Analysis: Virtues and Shortcomings, Global, 2017
List of Charts
  • 1. Electric and Autonomous Vehicle Incentives: Financial Incentives Framework, US, 2017
  • 2. Electric and Autonomous Vehicle Incentives: EV Sales, US, 2013–2017
  • 3. Electric and Autonomous Vehicle Incentives: EV Sales, Georgia, 2015–2016
  • 4. Electric and Autonomous Vehicle Incentives: EV Sales by Automaker, Georgia, 2015
  • 5. Electric and Autonomous Vehicle Incentives: Consumer Survey on Federal EV Tax Credit, January–July 2018
  • 6. Electric and Autonomous Vehicle Incentives: Top-selling Models, California, 2017
  • 7. Electric and Autonomous Vehicle Incentives: EV Rebates by Automaker, California, 2017
  • 8. Electric and Autonomous Vehicle Incentives: EV Sales, Georgia, 2015–2016
  • 9. Electric and Autonomous Vehicle Incentives: EV Sales by Automaker, Georgia, 2015
  • 10. Electric and Autonomous Vehicle Incentives: Market Development Action by Type, US, 2017–2025
  • 11. Electric and Autonomous Vehicle Incentives: Action on Incentives by Type, US, 2017–202
  • 12. Electric and Autonomous Vehicle Incentives: Value of State-level EV Incentives, US, 2017–2025
  • 13. Electric and Autonomous Vehicle Incentives: PEV Market Share, California, 2013–2017
  • 14. Electric and Autonomous Vehicle Incentives: EV Sales, California, 2017
  • 15. Electric and Autonomous Vehicle Incentives: PEV Market Share, Washington, 2013–2017
  • 16. Electric and Autonomous Vehicle Incentives: EV Sales, Washington, 2017
  • 17. Electric and Autonomous Vehicle Incentives: EV Sales, Georgia, 2017
  • 18. Electric and Autonomous Vehicle Incentives: PEV Market Share, Georgia, 2013–2017
  • 19. Electric and Autonomous Vehicle Incentives: PEV Market Share, Colorado, 2013–2017
  • 20. Electric and Autonomous Vehicle Incentives: EV Sales, Colorado, 2017
  • 21. Electric and Autonomous Vehicle Incentives: Vehicles Sold by Model, US, January–July, 2018
  • 22. Electric and Autonomous Vehicle Incentives: Vehicles Sold by Model, US, 2017
  • 23. Electric and Autonomous Vehicle Incentives: Enacted Incentives, US, 2017–2025
  • 24. Electric and Autonomous Vehicle Incentives: Estimated Tesla Sales, US, 2015–2025
  • 25. Electric and Autonomous Vehicle Incentives: Estimated GM Sales, US, 2015–2025
  • 26. Electric and Autonomous Vehicle Incentives: Estimated Nissan Sales, US, 2015–2025
  • 27. Electric and Autonomous Vehicle Incentives: Incentive Comparison, Global, 2017
  • 28. Electric and Autonomous Vehicle Incentives: Incentive Comparison, Global, 2017
  • 29. Electric and Autonomous Vehicle Incentives: Car Stock by Technology, US, 2015–2017
  • 30. Electric and Autonomous Vehicle Incentives: EVSE Stock, US, 2015–2017
  • 31. Electric and Autonomous Vehicle Incentives: EVSE Stock, China, 2015–2017
  • 32. Electric and Autonomous Vehicle Incentives: Car Stock by Technology, China, 2015–2017
  • 33. Electric and Autonomous Vehicle Incentives: Car Stock by Technology, Netherlands, 2015–2017
  • 34. Electric and Autonomous Vehicle Incentives: EVSE Stock, Netherlands, 2015–2017
  • 35. Electric and Autonomous Vehicle Incentives: EVSE Stock, Norway, 2015–2017
  • 36. Electric and Autonomous Vehicle Incentives: Car Stock by Technology, Norway, 2015–2017
Related Research
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.--BEGIN PROMO--

Research Scope

  • Understanding the key incentives for electric and autonomous cars in the US
  • Understanding how incentives have boosted EV sales over the past 3 years
  • Analyzing the impact of financial incentives on various brands’ performance
  • Providing an overview of the states’ direct and indirect incentives, including their impact on the state EV penetration rate
  • Understanding how US incentives vary among the top 3 EV markets
  • Analyzing how the incentives will have to evolve to manage government revenues and provide stable support to sustain the market growth of new technologies

Research Highlights

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 anal

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Table of Contents | Executive Summary~ || Financial Incentives~ || Federal Incentives~ || Need for State Incentives~ || Incentive Expiration—Georgia~ | Research Scope and Methodology~ || Research Scope~ || Research Aim and Objectives~ || Research Methodology~ || Research Background~ | Federal Incentives and EV Adoption~ || Key Findings~ || Federal Incentives~ || Federal Incentives—Analysis~ || Taxi Market—Incentives and Grants~ || Tax Credit Framework and Real-time Impact~ || Future Outlook~ || Key Takeaways~ | Overview of State Incentives~ || Key Findings~ || Need for State Incentives~ || EV Incentives and Market Share—California~ || Incentive Expiration—Georgia~ || State Incentive Mapping~ || Proposed and Implemented Policy~ || Proposed and Implemented Market Development Incentives~ || Proposed and Implemented Market Development Incentives in 2017~ || Proposed and Implemented State Financial incentives~ || Proposed and Implemented State Financial incentives in 2017~ || Value of State Incentives~ || States with Significant Impact~ || EV Ecosystem Outlook—California~ || EV Ecosystem Outlook—Washington~ || EV Ecosystem Outlook—Georgia~ || EV Ecosystem Outlook—Colorado~ || State Incentives for Suppliers~ || Other State EV Incentives~ || Key Takeaways~ | OEM Strategies and Insights~ || Key Findings~ || EV Sales in US Top-selling Models~ || Impact of Tax Credit Loss~ || Impact of Tax Credit on Future Electrification~ || Federal Tax Credit by Model~ || Tesla’s Incentive Expiration and Strategy~ || GM’s Incentive Expiration and Strategy~ || Nissan’s Incentive Expiration and Strategy~ | Global Incentive Comparison~ || Overview of Government Incentives for PEVs~ || Overview of Government Incentives for PEVs (continued)~ || Financial Incentives~ || Financial Incentive Framework—Europe~ || Financial Incentive Framework—China~ || Breakdown of Direct Incentives in Top Markets for PEVs~ || Country Incentive Outlook~ || Breakdown of Indirect Incentives in Top Markets for PEVs~ || Available Incentives per Vehicle in Major EV Markets in 2017~ || EV Market Outlook—US~ || EV Market Outlook—China~ || EV Market Outlook—The Netherlands~ || EV Market Outlook—Norway~ || Incentive Analysis—Global Vs the US~ || Key Takeaways~ | Growth Opportunities and Companies to Action~ || Growth Opportunity~ || Strategic Imperatives for Success and Growth~ | Conclusions~ || Key Conclusions~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Abbreviations and Acronyms Used~ || List of Exhibits~ | The Frost & Sullivan Story~
List of Charts and Figures 1. Electric and Autonomous Vehicle Incentives: Enacted Incentives, US, 2017–2025~ 2. Electric and Autonomous Vehicle Incentives: Comparison of State Incentives, US, 2017–2025~ 3. Electric and Autonomous Vehicle Incentives: Action on EV Policy, US, 2017–2025~ 4. Electric and Autonomous Vehicle Incentives: Summary of EV Actions, US, 2017–2025~ 5. Electric and Autonomous Vehicle Incentives: Action on EV Market Development, US, 2017–2025~ 6. Electric and Autonomous Vehicle Incentives: Recent Development Actions by State, US, 2017–2025~ 7. Electric and Autonomous Vehicle Incentives: Action on EV Incentives, US, 2017–2025~ 8. Electric and Autonomous Vehicle Incentives: Recent Financial Incentive Actions Enacted by State, US, 2017–2025~ 9. Electric and Autonomous Vehicle Incentives: Enacted Incentives, California, 2017–2025~ 10. Electric and Autonomous Vehicle Incentives: Enacted Incentives, Washington, 2017–2025~ 11. Electric and Autonomous Vehicle Incentives: Enacted Incentives, Georgia, 2017–2025~ 12. Electric and Autonomous Vehicle Incentives: Enacted Incentives, Colorado, 2017–2025~ 13. Electric and Autonomous Vehicle Incentives: Subsidies for EV and EV Component Suppliers by State, US, 2017–2025~ 14. Electric and Autonomous Vehicle Incentives: PHEV and BEV Incentives, US, 2017–2025~ 15. Electric and Autonomous Vehicle Incentives: Federal Tax Credit Phase-out Tracker by OEM, US, Till July 2018~ 16. Electric and Autonomous Vehicle Incentives: Federal Tax Credit Phase-out Tracker by OEM, US, Till July 2018~ 17. Electric and Autonomous Vehicle Incentives: Overview of EV Incentives, Global, 2017~ 18. Electric and Autonomous Vehicle Incentives: Overview of EV Incentives, Global, 2017~ 19. Electric and Autonomous Vehicle Incentives: Financial Incentives Framework, US, 2017~ 20. Electric and Autonomous Vehicle Incentives: Framework of Financial Incentives, Europe, 2017~ 21. Electric and Autonomous Vehicle Incentives: Framework of Financial Incentives, China, 2017~ 22. Electric and Autonomous Vehicle Incentives: Overview of Direct Incentives, Global, 2017~ 23. Electric and Autonomous Vehicle Incentives: Indirect Incentives, Global, 2017~ 24. Electric and Autonomous Vehicle Incentives: Overview of Indirect Incentives, Global, 2017~ 25. PEV Incentive Analysis: Virtues and Shortcomings, Global, 2017~| 1. Electric and Autonomous Vehicle Incentives: Financial Incentives Framework, US, 2017~ 2. Electric and Autonomous Vehicle Incentives: EV Sales, US, 2013–2017~ 3. Electric and Autonomous Vehicle Incentives: EV Sales, Georgia, 2015–2016~ 4. Electric and Autonomous Vehicle Incentives: EV Sales by Automaker, Georgia, 2015~ 5. Electric and Autonomous Vehicle Incentives: Consumer Survey on Federal EV Tax Credit, January–July 2018~ 6. Electric and Autonomous Vehicle Incentives: Top-selling Models, California, 2017~ 7. Electric and Autonomous Vehicle Incentives: EV Rebates by Automaker, California, 2017~ 8. Electric and Autonomous Vehicle Incentives: EV Sales, Georgia, 2015–2016~ 9. Electric and Autonomous Vehicle Incentives: EV Sales by Automaker, Georgia, 2015~ 10. Electric and Autonomous Vehicle Incentives: Market Development Action by Type, US, 2017–2025~ 11. Electric and Autonomous Vehicle Incentives: Action on Incentives by Type, US, 2017–202~ 12. Electric and Autonomous Vehicle Incentives: Value of State-level EV Incentives, US, 2017–2025~ 13. Electric and Autonomous Vehicle Incentives: PEV Market Share, California, 2013–2017~ 14. Electric and Autonomous Vehicle Incentives: EV Sales, California, 2017~ 15. Electric and Autonomous Vehicle Incentives: PEV Market Share, Washington, 2013–2017~ 16. Electric and Autonomous Vehicle Incentives: EV Sales, Washington, 2017~ 17. Electric and Autonomous Vehicle Incentives: EV Sales, Georgia, 2017~ 18. Electric and Autonomous Vehicle Incentives: PEV Market Share, Georgia, 2013–2017~ 19. Electric and Autonomous Vehicle Incentives: PEV Market Share, Colorado, 2013–2017~ 20. Electric and Autonomous Vehicle Incentives: EV Sales, Colorado, 2017~ 21. Electric and Autonomous Vehicle Incentives: Vehicles Sold by Model, US, January–July, 2018~ 22. Electric and Autonomous Vehicle Incentives: Vehicles Sold by Model, US, 2017~ 23. Electric and Autonomous Vehicle Incentives: Enacted Incentives, US, 2017–2025~ 24. Electric and Autonomous Vehicle Incentives: Estimated Tesla Sales, US, 2015–2025~ 25. Electric and Autonomous Vehicle Incentives: Estimated GM Sales, US, 2015–2025~ 26. Electric and Autonomous Vehicle Incentives: Estimated Nissan Sales, US, 2015–2025~ 27. Electric and Autonomous Vehicle Incentives: Incentive Comparison, Global, 2017 ~ 28. Electric and Autonomous Vehicle Incentives: Incentive Comparison, Global, 2017 ~ 29. Electric and Autonomous Vehicle Incentives: Car Stock by Technology, US, 2015–2017~ 30. Electric and Autonomous Vehicle Incentives: EVSE Stock, US, 2015–2017~ 31. Electric and Autonomous Vehicle Incentives: EVSE Stock, China, 2015–2017~ 32. Electric and Autonomous Vehicle Incentives: Car Stock by Technology, China, 2015–2017~ 33. Electric and Autonomous Vehicle Incentives: Car Stock by Technology, Netherlands, 2015–2017~ 34. Electric and Autonomous Vehicle Incentives: EVSE Stock, Netherlands, 2015–2017~ 35. Electric and Autonomous Vehicle Incentives: EVSE Stock, Norway, 2015–2017~ 36. Electric and Autonomous Vehicle Incentives: Car Stock by Technology, Norway, 2015–2017~ 37.
Author Sujith Unnikrishnan
Industries Automotive
WIP Number K300-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9813-A6,9882-A6,9AF6-A6,9B02-A6