For instance, governments may set targets for reducing greenhouse gas emissions or even impose fines for failing to meet environmental criteria. These measures support electric vehicle adoption, as manufacturers invest more in EV development to meet the necessary compliance standards.
Key Government Roles in Electric Vehicle Development
1. Setting Standards: Governments establish regulations that require automakers to adhere to specific emission standards, encouraging the production of electric vehicles.
2. Funding Research: Research grants help fund the development of EV technology, focusing on improving battery life, efficiency, and overall vehicle performance.
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