Drivers and Barriers to Electric Vehicles Adoption

Abstract

Electric vehicles (EVs) are expected to contribute significantly in the future growth of automotive industry. The study classifies EVs and compares di fferent EV markets as per their maturity level. The study then reviews existing literature to identify key ivers and barriers to EV adoption. The study found zero emissions and noise, lower operational costs than gasoline cars, better built and performance and suppporting incentives and subsidies among the key ivers. As per the barriers inhibiting future EV growth, the study found inadequate charging infrastructure, long charging time, high procurement costs along with increased stress on generation and transmission networks as potential roadblocks.