Incentives &
Policies

With the transition to large scale sustainability on the rise globally, countries are looking towards the transportation sector for change. Combustion engines are now able to be replaced on larger scale than ever with alternative energy engines such as hydrogen or lithium batteries. Market predictions state that electric vehicles will be 40% of vehicles produced by 2030. With electric vehicle production expected to grow, governments and industry leaders are committing to electric vehicles through major policies and investments. 

 

The electric vehicle transition will be achieved through multiple approaches including large scale infrastructure construction, focus size of vehicles, and legacy vehicle support. In the United States, electric vehicle commitments are further developing every year with the addition of more states to the “Zero Emission Vehicle Alliance”, the leveraging of incentives to support production and purchase, and the influence of Fortune 500 companies who are committing to switching their vehicle fleets to EVs.