November 2023

Journal

Analysis of Manufacturer Plug-In Electric Vehicle Incentives

By:
Campbell, Russ; Zhou, Yan; Lin, Zhenhong ; Ward, Jacob
Journal Name:
World Electric Vehicle Journal
Page Number:
846-857
Volume:
8
Issue Number:
4
Publication Date:
November 2023
View DOI Listing:
https://doi.org/10.3390/wevj8040846

Abstract

Vehicle manufacturers offer incentives in an attempt to encourage consumers to purchase or lease new vehicles. Similarly federal and local governments offer incentives to help build and maintain a market for plug-in electric vehicles (1). This paper analyzes manufacturer cash rebates and special lease offers and presents a comparison of plug-in electric vehicle incentives by manufacturer, technology, geographic area, and time period. How these manufacturer plug-in electric vehicle incentives relate to vehicle sales as well as state and federal government incentives is also investigated.