![]() ![]() To reverse it, it is incumbent on policymakers to design funding programs that are more inclusive and allow the economic benefits of vehicle electrification to be shared across a wider cross-section of people.įortunately, the addition of two relatively simple fixes can give EV subsidy programs an equity makeover:ġ) Allow pre-owned EVs to be eligible for incentives Ģ) Create a tiered funding approach that correspond to consumer income levels. Whether you’re a proponent of greater EV adoption, or simply value equity, this dynamic is untenable. 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. 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. 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 ![]()
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