Comprehensive Assessment of Electric Vehicle Development, Deployment, and Policy Initiatives to Reduce GHG Emissions: Opportunities and Challenges

Abstract

Embracing innovative vehicle technology in the transportation sector provides constructive solutions to the rising pollution levels and global warming. Developing Electric Vehicles (EV) with market competency, deploying standardized charging infrastructure in sufficient numbers, and government promotional policies all impact EV adoption and help reduce tail pipe emissions. To determine the key hurdles to EV adoption that still exist in today’s market, the comparison between the most preferred EV and the Conventionally Propelled Vehicle (CPV) is deliberated under various parameters like vehicle class, type, specification, performance, pricing etc. The research assessed the countries with the most CPV (China, the USA, Japan, Germany, and India), as well as the expertise and experience of the country (Norway) that pioneered the EV industry, to discover the key policies that will help accelerate EV adoption in their respective regions. Significant findings within the local market and across markets belonging to the countries of concern and research recommendations addressing the issues have been discussed as a result of the study conducted with data obtained from the vehicle manufacturer’s website, government statistical institutes, and other affiliated survey organizations, as well as technical reports published online. These qualitative and quantitative findings and recommendations will aid in the creation of EV and charging station designs, as well as the formulation of strategies aimed at generating more cost-effective EV designs that take into account local usage patterns, car kinds, and performance. It also assists legislators in their efforts to streamline EV policy. Consideration of these issues aids in the reduction of greenhouse gas (GHG) emissions.