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Wednesday 14 April 2021
Low-income households could benefit the most from EVs
Incentives for used EVs and tiered subsidy levels based on income would bring the benefits of vehicle electrification to a more diverse cross-section of Canadians, explain researchers at the International Council on Clean Transportation.
Higher sticker prices are one of the primary barriers to widespread adoption of electric vehicles (EVs), and policymakers in Canada and around the world have implemented subsidies as a way to catalyze sales. At present, however, there are still relatively few electric vehicle offerings, many of them marketed as luxury vehicles, such that EV sales and subsidies have typically gone to relatively wealthy households.
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