A new European study says that without “robust” government policies and incentives for consumers to buy them, electric and other alternative fuel vehicles (AFVs) won’t rise above 1 percent of all vehicles on the road by 2050, but with them reaching more than 25 percent.
“Behavior-influencing policies to encourage the use of AFVs include fuel taxes, vehicle subsidies, technology mandates, efficiency standards, investment in refueling infrastructure and dedicated parking spaces, as well as social-media campaigns and car-sharing networks to demonstrate the technology…
“Without any such policies, AFVs will remain a niche market, with a share hovering around 1% for the foreseeable future – hardly greater than today, the researchers say.”
Read the article at Wards Auto.