What lessons can the US learn from China to make their EV transition successful?

With China still expected to dominate the electric vehicle market, what are some of the crucial lessons the US can take away from their success?

IDGConnect_EV_greenit_shutterstock_665912434_1200x600
Shutterstock

Climate change is a growing concern among governments, and it is having a big effect on their policies and agendas. One of the more crucial areas is a net zero carbon plan, with an emphasis on reducing the carbon emission from petrol and diesel vehicles. In other words, it means a focus on advancing the electric transportation industry, for both the public and private sector.

2020 has been a crucial year for the US concerning the future direction of the electric vehicle (EV) industry, with the presidential election playing a large role in shaping the level of investment and federal policies in EV adoption.

President-elect Joe Biden's administration is likely to be a major boost to the EV market and EV automakers. He has outlined a proposal to help encourage consumers and manufactures to go clean, with plans to provide rebates to consumers for swapping old vehicles for newer American vehicles built from materials and parts sourced in the US. More importantly, he’s set to make some major public investments in automobile infrastructure, with the likes of 50,000 electric vehicle charging stations and a potential tax credit for the purchase of EVs. 

And while these are significant promises, how far along are the US in their EV journey?

America’s journey to EV

The US is going green, with an interest in reducing their carbon footprint and becoming emission-free. It seems along the way we will see an electric revolution. This level of change does not happen overnight and will require the right level of infrastructure investment and financial incentives to help change corporate and consumer behaviour. Currently, there are at least 45 states, and the District of Columbia, that offer some sort of incentive to support EV adoption and its required infrastructure, and this support is through either state legislation or private utility incentives. 

To continue reading this article register now