Insight: Incentives Return and OEM Mandates Relaxed, as Iran Brings the Return of $100/Barrel

Dramatic increases in the prices of crude oil and reactivation of electric vehicle incentives in the latest edition of the Hybrid Technologies Legislation/Support Database.

In the latest edition of the Hybrid Technologies Legislation/Support Database, the TechInsights Market Data: Electric Vehicles online data report shows that several electric vehicle incentives were reactivated before the recent war in Iran, which is preventing up to 25% of the world’s crude oil supply from reaching the market. Meanwhile, the proportion of electric vehicle sales continues to increase in Europe and China, while in the US, the focus is on hybrids.