Electric and Autonomous Vehicle Incentives in the US, Forecast to 2025
The study identifies and analyzes the incentives provided by the federal and state governments to EV manufacturers, suppliers, and end customers in the United States. It evaluates how the incentives benefit the adoption and sales of EVs. It also attempts to determine the gap between incentives provided by the government to OEMs or customers for electric and autonomous cars and how it can be filled.
Understanding the key incentives for electric and autonomous cars in the US
Understanding how incentives have boosted EV sales over the past 3 years
Analyzing the impact of financial incentives on various brands’ performance
Providing an overview of the states’ direct and indirect incentives, including their impact on the state EV penetration rate
Understanding how US incentives vary among the top 3 EV markets
Analyzing how the incentives will have to evolve to manage government revenues and provide stable support to sustain the market growth of new technologies
In-depth analysis of the federal incentives covers the benefits of direct and indirect incentives offered at the federal level to consumers, including their impact on the state EV penetration rate. The study analyzes the gaps in the federal incentive structure and sketches the plans for market evolution to help OEMs, suppliers, and customers develop or adopt autonomous and connected car technologies.
OEM strategies and insights explain the market scenario and EV sales. Impact analysis over the phase-out of federal tax credit for various OEMs has been carried out and strategic analysis has been performed to understand how OEMs with the tax credit disadvantage are trying to build plans to sustain sales. Advantages and disadvantages for the early and late technology adopters due to the federal tax credit structure have been analyzed. Estimates for the phase-out year of federal tax credit by OEM are also included.
Key Issues Addressed
What are the incentives, how are they structured, and why are they needed?
How are incentives impacting the sales of EV among OEMs/suppliers/service providers? How would their withdrawal affect sales and EV market adoption?
What are the various incentive formats that gained customer attraction and helped in boosting sales/adoption of EVs? Which of them, if regained/re-introduced, will help in EV adoption?
How should governments optimally improve their EV incentive programs to sustain market growth?
How long will financial purchase incentives be needed to sustain the EV market growth and how should it evolve to help OEMs/suppliers/customers to develop/adopt autonomous and connected car technology?
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