This, as global countries race to establish zero-emission vehicle policies and incentives to increase rollout, generate interest and make EVs more affordable for the general public.a global commitment to become a zero-emission mobility platform by 2040, through its Green Future programme. This initiative provides access to resources valued at $800 million, to help thousands of drivers transition to battery EVs by 2025 in Canada, Europe and the US.
“They need companies like Uber to be able to execute on their sustainable vision. The challenge with electric vehicles today is [mainly] affordability – total cost of ownership. Private companies and governments have the opportunity to influence this by trying to influence policy-makers to introduce the right incentives, and trying to influence OEMs to provide more affordable vehicle components.”
These include the lack of supportive regulatory frameworks and additional incentives to safeguard EV sales from the high costs resulting from the economic downturn, and insufficient public charging stations across the country.the Draft Auto Green Paper as a step towards establishing a clear policy foundation that will enable the country to coordinate a long-term strategy that will position it at the forefront of advanced vehicle and vehicle component manufacturing.