Full Title: The Global Diffusion of Electric Vehicles: Lessons from the First Decade
Author(s): Shanjun Li, Binglin Wang, Muxi Yang, Fan Zhang
Publisher(s): World Bank
Publication Date: December 14, 2021
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Description (excerpt):
Electrifying the transportation sector is key to reaching the goal of carbon neutrality. This paper provides a comprehensive analysis of the diffusion of passenger electric vehicles based on detailed data on model-level electrical vehicle sales across the world from 2013 to 2020. The analysis shows that the highly uneven electrical vehicle penetration across countries is partly driven by cross-country variation in incentives and especially in the availability of charging infrastructure. Investment in charging infrastructure would have been much more cost-effective than consumer purchase subsidies in promoting electrical vehicle adoption. This finding highlights the importance of expanding charging infrastructure in the next phase of deeper electrical vehicle diffusion.