Under the Global Memorandum of Understanding (Global MOU) on Zero-Emission Medium- and Heavy-Duty Vehicles (ZE-MHDV), leading nations are now working collaboratively to enable 100% zero-emission new truck and bus sales by 2040 with an interim goal of 30% zero-emission vehicle sales by 2030. MOU organizers and facilitators the Netherlands and CALSTART’s Drive to ZeroTM are hosting a series of invitation-only discussions with MOU nations. The goal is to share data and connect countries with leading technology and business experts who can support the signatories in advancing their ZE-MHDV ambitions.
Our fourth discussion will center on incentives.
- Governments have an important role in bridging the gap between price parity forecasted for 2025-2030 and the present cost of ZE-MHDVs by supplementing existing policies to shift market behavior with financial incentives such as purchase cost reductions, rebates and tax deductions.
- Governments introducing incentives for ZE-MHDVs should take into account the rapidly changing costs of ZEV technologies and review and revise incentive programs in order to reflect technology and cost development over time.
- Continued effectiveness of incentives require that they be stable and predictable in value, easy to access for consumers, and provided at the time of vehicle purchase rather than as rebates or tax credits afterward.
- Investments and incentives for charging and fueling infrastructure is vital and needs to occur in parallel to most effectively leverage incentives for ZE-MHDVs.
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|16:05||Presentations – Incentives
These sessions are by invite-only and will be primarily aimed to inform national policymakers in the Global MOU current and prospective countries.