The Impact of Incentives on Electric Vehicle Sales in the European Union
|Author:||Mgr. Andrea Tláskalová|
|Year:||2021 - summer|
|Leaders:|| Mgr. Petr Polák MSc. Ph.D.
|Work type:|| Finance, Financial Markets and Banking
|Awards and prizes:|
|Abstract:||This thesis provides a comprehensive analysis of electric vehicle incentives
and investigates their impact on the uptake of electric vehicles within and
beyond the European Union over the period of 2010 to 2019. Depending on
the kind of benefit they provide and their timing, the incentives are divided
into one-time monetary, recurring monetary, and non-monetary incentives. To
properly evaluate the effect of incentives, a fixed effects and
difference-in-differences methods are employed, allowing us to control for
unobserved factors affecting the electric vehicle market. A fixed effects
analysis revealed a significant positive effect of one-time monetary incentives
on battery electric vehicle sales, and a significant positive effect of both
one-time and recurring monetary incentives on plug-in hybrid electric vehicle
sales. Additionally, when considering the effect of individual incentives, the
most important ones were found to be rebate and point-of-sale tax incentive.
A difference-in-differences analysis confirmed a statistically significant effect
of rebate on the sale of battery electric vehicles.