This paper explores the evolution and future direction of financial incentives to promote zero-emission vehicle (ZEV) adoption and suggests adjustments to reflect the maturing ZEV market. The analysis highlights the need for tailored incentives that consider local conditions and market changes.
The findings outline principles for adapting incentives, including aligning them with ZEV price trends, securing sustainable funding, and integrating incentives with regulatory frameworks. The policy recommendations focus on designing nuanced incentive programs that balance market growth with social and environmental goals to ensure an effective transition to a zero-emission transportation future.
This study presents a roadmap for gradually reducing and eventually phasing out mainstream incentives as ZEVs achieve cost parity with conventional vehicles, while advocating for targeted incentives to address specific needs and ensure equity.
