Promoting Electric Vehicle Growth through Infrastructure and Policy: A Forecasting Analysis
This study examines electric vehicle (EV) adoption in the United States, specifically the interconnected relationship between EV-promoting policies, EV charging infrastructure, and registrations of EVs. Gasoline-powered vehicles make up a significant portion of the US’s carbon emissions, and increas...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2024-07-01
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| Series: | Engineering Proceedings |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2673-4591/68/1/60 |
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| Summary: | This study examines electric vehicle (EV) adoption in the United States, specifically the interconnected relationship between EV-promoting policies, EV charging infrastructure, and registrations of EVs. Gasoline-powered vehicles make up a significant portion of the US’s carbon emissions, and increasing the use of EVs is a way to decrease this footprint. Over the past decade, there have been many incentives and policy-driven changes to propel electric vehicle adoption forward. The focus of this study is to identify if there a significant relationship between these three factors and the extent to which these factors are significant predictors for each other. To do so, we conduct several statistical tests to analyze the forecasting effect of changes in EV policies on EV infrastructure, and changes in infrastructure on EV registrations. We find that there are significant forecasting relationships between these factors. Furthermore, it is possible to accurately forecast changes in EV charging stations over time using the time-series data of previous EV charging stations and policies. There are many interconnected factors, but this strong forecasting relationship between EV incentive policies and the expansion of charging infrastructure provides valuable insights for policymakers, industry stakeholders, and researchers attempting to understand and promote EV adoption. |
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| ISSN: | 2673-4591 |