Plug-in hybrid electric vehicle subsidies relative to those for battery electric vehicles in selected markets, 2018-2022

Sources

IEA analysis of announced policies.

Notes

BEV = battery electric vehicle; PHEV = plug-in hybrid electric vehicle. Subsidy values are representative and do not include scrappage bonuses or bonuses based on individual financial circumstances, and vehicle purchase cost is assumed to be less than the upper limit. Calculation is the representative PHEV subsidy as a share of representative BEV subsidy. PHEV subsidies in Korea did not change between 2020 and 2021, however, BEV subsidies slightly declined.