Consumer and government spending on electric cars, 2015-2020

Sources

IEA analysis based on EV Volumes (2021) and Climate Policy Initiative (2021).

Notes

Government incentives are the sum of direct government spending through purchase incentives and foregone revenue due to taxes waived specifically for electric cars. Only national government purchase support policies for electric cars are taken into account. Consumer spending is the total expenditure based on model price, minus government spending.