In the United States, tax incentives and infrastructure investments play a role in speeding the adoption of electric vehicles (EV). In a new study, researchers examined the effects of competing government incentives on EV adoption in Washington state by building a structural dynamic discrete demand model. In terms of expanding the EV market, the study found that building an EV charging network is more effective than awarding a tax rebate.
Tax credits and other government rebates are almost never effective for anything, because companies just increase their prices. One of the reasons solar power is more expensive in the USA compared to other countries is because of the 30% tax credit. The tax credit just brings the price down closer to what it should actually be.
In my area there’s a $4k rebate on heat pump HVAC systems… As a result, quotes here are around $4k higher than quotes for addresses in the next county.