EV incentives are a lever policymakers and other stakeholders use to encourage EV adoption. Incentives are not unique to the EV industry. Governments and other entities have provided them in the past for all sorts of reasons such as stimulating the economy and increasing job creation.
Entities are offering EV incentives because gas cars produce toxic pollution, which causes harmful medical conditions and creates extreme heat and wildfires. These health and environmental impacts cost billions of dollars and disrupt business. Policymakers understand our communities will benefit tremendously from the transition to EVs, which will lower health costs, save consumers money, keep dollars in the local economy, and address the climate crisis.
