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Electric Vehicles Market and Policy Conditions: Identifying South African Policy ``Potholes"

Author

Listed:
  • Jacobus Nel

    (Department of Economics, University of Pretoria, Private Bag X20, Hatfield 0028, South Africa)

  • Roula Inglesi-Lotz

    (Department of Economics, University of Pretoria, Private Bag X20, Hatfield 0028, South Africa)

Abstract

This study investigates the policy environment, specifically the policy ``potholes" (shortcomings), in South Africa and provides policy recommendations to accelerate electric vehicle (EV) adoption in the country. The EV markets in South Africa and Europe in a novel way, to add to the depth of the analysis and associated recommendations. To accomplish this, EV sales are forecasted by fitting an S-curve to the available sales data and assuming a 40 percent market share in 2050. Secondly, the number of years the South African EV market is lagging behind Europe's is estimated, both dynamically and statically. We make policy recommendations in the wake of a detailed analysis of the literature on the effects of policy intervention on EV adoption, the evaluation of the current policy environment, and the comparison. A supply-side policy might be best suited for the country's political environment.

Suggested Citation

  • Jacobus Nel & Roula Inglesi-Lotz, 2022. "Electric Vehicles Market and Policy Conditions: Identifying South African Policy ``Potholes"," Working Papers 202257, University of Pretoria, Department of Economics.
    • Handle: RePEc:pre:wpaper:202257
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    References listed on IDEAS

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    More about this item

    Keywords

    electric vehicles in developing countries; market comparison; policy analysis; forecasting technology adoption;
    All these keywords.

    JEL classification:

    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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