Digest Finance
 

Modeling the Efficiency of the State Aid to the Development of Electric Vehicles

Vol. 23, Iss. 2, JUNE 2018

PDF  Article PDF Version

Received: 2 November 2017

Received in revised form: 4 December 2017

Accepted: 11 December 2017

Available online: 30 June 2018

Subject Heading: RISK, ANALYSIS AND EVALUATION

JEL Classification: Q51, Q58, R15

Pages: 133–141

https://doi.org/10.24891/df.23.2.133

Iosifov V.V. Kuban State Technological University, Krasnodar, Russian Federation
iosifov_v@mail.ru

ORCID id: not available

Importance This paper deals with the efficiency of governmental incentives to the market of electric vehicles.
Objectives The paper aims to quantify different governmental incentives through modeling.
Methods The study applies a correlation-regression analysis, test for equality of means for two independent samples, and the Mann-Whitney test.
Results The paper provides models of paired linear regression to describe how governmental subsidies for purchase of electric vehicles (EV) and EV charging infrastructure level influence the EV market volume. Based on the test for equality of means, I found out that preferential parking rates, access to public transport lanes and restricted driving zones, tax credits on EV purchase and preferential electric power supply tariff have no statistically significant impact on the annual EV market volume and EV dissemination. The results were verified through the Mann–Whitney test.
Conclusions and Relevance The received models can be used to forecast parameters of the Russian EV market provided that some governmental incentives are in place.

Keywords: electric vehicle, econometric modeling, government incentive, deployment policy

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