Date of Award

2022

Department

Accountancy

First Advisor

Dr. Arthur Petzel

Abstract

Looking at data from recent surveys showing that electric vehicles take up a meager 2.2% of the market share for passenger vehicles around the world, (Gilbert, 2021) it is safe to say that there is a lot of progress to be made if world governments hope to become carbon neutral within the half-century. This paper focuses on the accumulation of opinions and research regarding the adoption of plug-in electric vehicles in the United States, while focusing primarily on how tax benefits or credits could affect the adoption trends. We will provide information on the current climate of the electric vehicle industry both in the United States and abroad in order to give the reader a perspective on how other countries, whom may be first movers, are tackling this new-age dilemma. By analyzing the past attempts of the U.S. government’s electric vehicle incentives, we hope to show the feasibility and effectiveness of proposed and possible incentives on convincing the American public to change their buying habits and make our automotive industry run on electricity.

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