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Finance and Credit
 

State incentives for electric vehicle market development: Best practices

Vol. 23, Iss. 22, JUNE 2017

PDF  Article PDF Version

Received: 17 April 2017

Received in revised form: 11 May 2017

Accepted: 25 May 2017

Available online: 15 June 2017

Subject Heading: FISCAL SYSTEM

JEL Classification: O18, O32, Q38

Pages: 1281-1299

https://doi.org/10.24891/fc.23.22.1281

Ratner S.V. V.A. Trapeznikov Institute of Control Sciences, Russian Academy of Sciences, Moscow, Russian Federation
lanaratner@ipu.ru

Maslova S.S. Kuban State University, Krasnodar, Krasnodar Krai, Russian Federation
svetlanka_dib@mail.ru

Subject The article reviews best practices in employing the State incentives for extensive use of electric vehicles.
Methods In the work, we apply the method of bibliographic analysis and multiple case studies. Academic literature, analytical reviews of the World Energy Agency, official documents of the Paris Climate Conference, reports by profile departments and institutes of the USA, Japan, France, and corporate reports of producers of charging equipment for electric vehicles served as the information base of the study.
Results We studied basic trends and the most probable scenarios of global electric vehicle market growth, analyzed direct and indirect measures of State support for electric vehicles and charging infrastructure development in countries with the highest level of electric vehicles penetration as of the end of 2015.
Conclusions The systematization of various incentive measures to promote the demand for electric vehicles and development of charging infrastructure can be useful when updating certain areas of the all-Russia program for charging infrastructure development, which is currently implemented by PAO Rosseti, improving the plans for motor industry growth, and adopting regional programs for electric vehicles boosting.

Keywords: electric vehicle, financial incentives, tax benefit, subsidy, charging point

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