TY - GEN
T1 - Investigating Government Subsidy and Policy to Encourage the Adoption of the Energy Storage System and Electric Vehicle
T2 - 30th ISTE International Conference on Transdisciplinary Engineering: Leveraging Transdisciplinary Engineering in a Changing and Connected World, TE 2023
AU - Chou, Shuo Yan
AU - Yu, Tiffany Hui Kuang
AU - Suryani, Erma
AU - Rahmawati, Rafika
AU - Handayani, Firin
AU - Dewabharata, Anindhita
N1 - Publisher Copyright:
© 2023 The Authors.
PY - 2023/11/7
Y1 - 2023/11/7
N2 - Carbon dioxide is essential to the climate system and is crucial in increasing global greenhouse gas emissions. In several countries, one of the highest contributors to carbon emissions comes from burning fossil fuels for energy, supported by electricity consumption in industrial activities. Thus, using renewable energy and the rapid development of emerging technologies, such as energy storage systems (ESS) and electric vehicles (EVs), are promising strategies to reduce fossil fuel consumption, emit less carbon and GHG emissions, and be environmentally friendly. However, the adoption transition of ESS and EVs requires government support and other incentives to succeed in the goals to reduce emissions by 23% - 25% in 2030 and the ban on the sale of fossil fuel vehicles by 2040 in Taiwan. Therefore, this study investigates the impact of government policies and subsidies on promoting the adoption of energy storage systems (ESS) and electric vehicles (EVs). Then, using a system dynamics approach, a validated model is developed to capture the dynamic interaction among electricity generation, ESS, EVs, infrastructure, government subsidies, and consumer behavior. The findings emphasize the significance of purchase subsidies, research and development subsidies, and tax incentives in driving the adoption and private investment in ESS and EVs, thus contributing to the advancement of the industry.
AB - Carbon dioxide is essential to the climate system and is crucial in increasing global greenhouse gas emissions. In several countries, one of the highest contributors to carbon emissions comes from burning fossil fuels for energy, supported by electricity consumption in industrial activities. Thus, using renewable energy and the rapid development of emerging technologies, such as energy storage systems (ESS) and electric vehicles (EVs), are promising strategies to reduce fossil fuel consumption, emit less carbon and GHG emissions, and be environmentally friendly. However, the adoption transition of ESS and EVs requires government support and other incentives to succeed in the goals to reduce emissions by 23% - 25% in 2030 and the ban on the sale of fossil fuel vehicles by 2040 in Taiwan. Therefore, this study investigates the impact of government policies and subsidies on promoting the adoption of energy storage systems (ESS) and electric vehicles (EVs). Then, using a system dynamics approach, a validated model is developed to capture the dynamic interaction among electricity generation, ESS, EVs, infrastructure, government subsidies, and consumer behavior. The findings emphasize the significance of purchase subsidies, research and development subsidies, and tax incentives in driving the adoption and private investment in ESS and EVs, thus contributing to the advancement of the industry.
KW - Electric Vehicle
KW - Energy Storage System
KW - Government subsidy
KW - Socio-Economic
KW - System Dynamic
UR - http://www.scopus.com/inward/record.url?scp=85184300754&partnerID=8YFLogxK
U2 - 10.3233/ATDE230635
DO - 10.3233/ATDE230635
M3 - Conference contribution
AN - SCOPUS:85184300754
T3 - Advances in Transdisciplinary Engineering
SP - 413
EP - 422
BT - Leveraging Transdisciplinary Engineering in a Changing and Connected World - Proceedings of the 30th ISTE International Conference on Transdisciplinary Engineering
A2 - Cooper, Adam
A2 - Koomsap, Pisut
A2 - Stjepandic, Josip
PB - IOS Press BV
Y2 - 11 July 2023 through 14 July 2023
ER -
