Changing the demand preference for electric vehicles in Ho Chi Minh city: costs and benefits from incentives in the early stages of adoption
Publication Year: 2023
Author(s): Tesoriere G, Shrestha R, Kothari V, Steimer H, Yangden MT, Duarte LH
Abstract:
This paper evaluates potential costs of implementing financial incentives for electric vehicles (EVs); specifically purchase subsidies and registration rebates offered in HCMC and the benefits related to individual savings and GHG emissions reductions. The analysis indicates that implementation could deliver net-positive benefits during the early stages of EV adoption in HCMC. Overall, the analysis shows that incentives to make EVs more cost-competitive, along with support for the deployment of charging stations, will be crucial for increasing EV adoption in HCMC.
Source of Publication: World Resources Institute
Vol/Issue: January 2023
Country: Viet Nam
Publisher/Organisation: World Resources Institute
Rights: World Resources Institute
Theme: Economic | Subtheme: Incentives
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