Boundary Conditions and Incentives Influencing EV Market Success and Consequences for EV Policy Makers

This paper first presents an overview of the comparative analysis carried out to investigate both the variations and impacts of financial incentives in selected regions of interest, as well as the importance of the stability of such incentives on the uptake of Electric Vehicles. It has been possible to evaluate a threshold approach to analyse the price elasticity of incentives, comparing the EV uptake with the purchase price and TCO (Total Cost of Ownership) premium for a EV compared to an ICE vehicle (Internal Combustion Engine). Additionally an example of the incentive chronology for Norway uncovers societal impacts and interactions of incentives on purchasing behaviour in this region. An initial comparative analysis of the effect of publicly available charging infrastructure comparing Norway with Germany underline observations that public charging infrastructure is a prerequisite but not actually a market driver. Finally, the paper gives an overview of the relevant market and policy frameworks that include comparisons and assessments of financial, infrastructure and regional, local conditions.