Why Do Governments Offer Subsidies for Electric Vehicles?
Governments offer subsidies for buying electric vehicles to encourage sustainable transport and lower the environment’s damage. They are here to help decrease greenhouse gas emissions, as electric vehicles produce no tailpipe emissions at all. Subsidizing electric vehicles supports the decision to buy cleaner cars which is consistent with worldwide efforts to fight climate change.
They motivate development in the automotive industry by supporting the changeover to electric vehicles. Because of subsidies, manufacturing, research and infrastructure development all receive new jobs. Subsidies act as a sign that governments back a fight against climate change and also help develop new ideas in the electric vehicle world.