Advancing Electric Mobility: The Key Role of Fiscal Policy and Regulation
Nicolas Benoit and Patrick Lenain | 14 November 2023
Fiscal, Policy Briefs | Tags: Decarbonization, Energy, Industrial Policy, Tax Expenditures
The transition to electric mobility offers a significant opportunity for the future of transportation. In combination with, inter alia, public transport as well as autonomous and shared mobility, mass adoption of electric vehicles (EVs) is a tremendous opportunity to move toward an affordable, secure and clean transportation. Many governments have put in place a broad range of policy initiatives to encourage the switch to EVs. International collaborative efforts are also of paramount importance, as shown by the EU agreement to target that new cars and light commercial vehicles will be zero emissions by 2035. A multilateral consensus on electric mobility encompassing non-EU countries would be a major landmark.
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