Factbook: Zero-Emission Vehicle Policy

Investment Rating - The report does not explicitly provide an investment rating for the zero-emission vehicle (ZEV) industry, but emphasizes the importance of supply-side policies in driving market growth and investment opportunities. Core Insights - Policy plays a crucial role in scaling the manufacturing of ZEVs, impacting market growth and industry transformation [12] - The analysis includes a policy gap assessment across various countries, highlighting the effectiveness of different supply- and demand-side policies [16][22] - Supply-side policies can stimulate innovation, attract investment, and achieve economies of scale, thereby reducing costs for consumers [32][37] Summary by Sections Executive Summary - The report provides a policy gap analysis for countries including the European Union, Australia, Brazil, China, India, Indonesia, South Africa, and the United States, focusing on regulatory measures, fiscal policies, and financing mobilization for ZEV manufacturing [12][13] Policy Context and Definitions - The study defines supply-side policies as pivotal for promoting ZEV manufacturing and sales, while demand-side policies aim to increase consumer demand for ZEVs [54][68] Policy Analysis - The report examines supply- and demand-side policies across focal countries, identifying best practices and deficiencies [90] - It highlights that the EU's CO2 emission performance standards are a significant driver for ZEV adoption, requiring a 100% reduction in CO2 emissions for new cars and vans by 2035 [99] ZEV Sales and Manufacturing Trends - The report notes that the 15 largest EV markets in 2023 had a combination of sales requirements, fuel consumption, and/or CO2 standards, significantly impacting ZEV sales [43] Supply-Side Policies and Their Importance - Supply-side policies provide market certainty, reduce investment risk, and encourage innovation, which is essential for scaling ZEV manufacturing [32][33] Policy Motivators - The analysis indicates that strong political will is crucial for the success of supply-side policies, as resistance from industry actors can hinder progress [39] Mobilizing ZEV Financing - The report discusses how specific policy types can drive investment and expand the project pipeline, detailing financial tools that can increase private investment [48] Conclusion - The report emphasizes the need for a comprehensive policy approach to drive sustained market growth in the ZEV sector, leveraging global lessons to build a robust ecosystem [45]