EV penetration in the three fastest-changing markets – report


Rocky Mountain Institute has published a new whitepaper that looks at the penetration of electric vehicles and challenges being faced in the electrification of the mobility industry in China, India and the US.

The report Driving a Shared, Electric, Autonomous Mobility looks at the policies, economics, infrastructure developments and behavioral norms sharing the electrification of the mobility industry.

Recommendations on how the three economies can improve their mobility electrification efforts include:

  1. Adopting a uniform, national EV-sales mandate
  2. Focusing finite EV subsidies on high-utilisation vehicles
  3. Establishing uniform, national guidelines around AV testing
  4. Encouraging pooling and electrification of ride-hailing through tiered taxes and incentives

The report states that if the electrification of the transport industry if done in isolation of the needs of the electricity system, mass adoption could result in significant added costs.

The report adds that the massive adoption of EVs, with the right planning put into place, would heavily mitigate congestion, pollution and would reduce mobility costs for the rapidly urbanising economies. Moreover, EVs can ensure grid reliability by allowing more renewables to be integrated with main grid networks.

Garrett Fitzgerald, manager at Rocky Mountain Institute, said: “Looking at the changing markets in China, India, and the US will help inform us in enacting our goal of proactively shaping the future of Mobility,”

“Understanding how these countries like China and India are playing roles in shaping our global mobility future is the first step to ensuring we get the best mobility future possible.”