Financial Analytics: Science and Experience

Modeling of State support measures to promote electric vehicles

Vol. 11, Iss. 2, MAY 2018

Received: 2 November 2017

Received in revised form: 4 December 2017

Accepted: 11 December 2017

Available online: 31 May 2018


JEL Classification: Q51, Q58, R15

Pages: 140–153

Iosifov V.V. Kuban State Technological University, Krasnodar, Russian Federation

ORCID id: not available

Subject This paper deals with the effectiveness of incentive measures of State support on the market of electric vehicles.
Objectives The paper aims to evaluate the quantitative rating of different incentive measures of State support through modeling.
Methods The study applies a correlation-regression analysis, the equality test of two independent samples, and the non-parametric Mann-Whitney test.
Results The paper presents the built models of double linear regression to describe the influence of State subsidies on the purchase of electric vehicles and the influence of the level of development of the charging infrastructure on the market volume of electric vehicles. The results are confirmed through the Mann-Whitney test use.
Relevance The received models can be used for forecasting parameters of the Russian market of electric vehicles with introduction of some government support measures.

Keywords: electromobile, econometric modeling, government incentive, deployment policy


  1. Shekhtman A.Yu. [The tendencies of development of competition areas in an automobile industry from the world-wide aspect]. Sovremennye problemy nauki i obrazovaniya = Modern Problems of Science and Education, 2015, no. 1, pp. 10–25. URL: (In Russ.)
  2. Ratner S.V., Maslova S.S. [State incentives for electric vehicle market development: Best practices]. Finansy i kredit = Finance and Credit, 2017, vol. 23, iss. 22, pp. 1281–1299. (In Russ.)
  3. Aleksandrov I.K., Rakov V.A. [A situational analysis on the development of electrical motor transport]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2011, vol. 10, iss. 37, pp. 2–6. URL: (In Russ.)
  4. Ratner S.V., Iosifov V.V. [Modeling the effects of co-directed development of innovations in auto-transportation and electricity generation]. Drukerovskij Vestnik, 2017, no. 3, pp. 49–59. (In Russ.) URL:
  5. Mersky A.C., Sprei F., Samaras C. et al. Effectiveness of Incentives on Electric Vehicle Adoption in Norway. Transportation Research Part D: Transport and Environment, 2016, no. 46, pp. 56–68. URL:
  6. Lieven T. Policy Measures to Promote Electric Mobility – A Global Perspective. Transportation Research Part A: Policy and Practice, 2015, no. 82, pp. 78–93. URL:
  7. Landbroek J.H.M., Franklin J.P., Susilo Y.O. The Effect of Policy Incentives on Electric Vehicle Adoption. Energy Policy, 2016, no. 94, pp. 94–103. URL:
  8. Jin L., Searle S., Lutsey N. Evaluation of State-Level U.S. Electric Vehicle Incentives. International Council on Clean Transportation. Washington, DC, USA, 2014, 49 p. URL:
  9. Nurhadi L., Borén S., Ny H. et al. Competitiveness and Sustainability Effects of Cars and Their Business Models in Swedish Small Town Regions. Journal of Cleaner Production, 2017, vol. 140, iss. 1, pp. 333–348. URL:
  10. Mock P., Yang Z. Driving Electrification: A Global Comparison of Fiscal Incentive Policy for Electric Vehicles. International Council on Clean Transportation. Washington, DC, USA, 2014, 40 p. URL:
  11. Li Y. Infrastructure to Facilitate Usage of Electric Vehicles and Its Impact. Transportation Research Procedia, 2016, vol. 14, pp. 2537–2543. URL:
  12. Ratner S.V., Aksyuk T.D. [Foreign experience of stimulating microgeneration based on renewable energy sources: organizational and economic aspects]. Nauchno-tekhnicheskie vedomosti SPbGPU. Ekonomicheskie nauki = St. Petersburg Polytechnic University Journal of Engineering Science and Technology. Economic Sciences, 2017, vol. 10, iss. 4, pp. 104–113. (In Russ.) URL:
  13. Klochkov V.V., Ratner S.V. Upravlenie razvitiem “zelenykh” tekhnologii: ekonomicheskie aspekty [Management of green technologies development: economic issues]. Moscow, Institute of Psychology of RAS Publ., 2013, 291 p. URL:
  14. Golichenko O. The Basic Factors of National Innovation System Development. Socio-Economics and Technological Innovations Mechanism and Institutions. Delhi, Narosa Publ., 2014, pp. 38–52.
  15. Ratner S.V., Iosifov V.V. [Formation of energy engineering markets in China and India]. Vestnik URFU. Seriya: Ekonomika i upravlenie = Bulletin of Ural Federal University. Series: Economics and Management, 2013, no. 3, pp. 52–62. URL: (In Russ.)
  16. Golichenko O.G. [National innovation systems: from conception toward the methodology of analysis]. Voprosy Ekonomiki, 2014, no. 7, pp. 35–50. (In Russ.)Ivlev S.N. [Electric ELLADA – problems of promotion and support measures]. Trudy NAMI, 2014, no. 257, pp. 65–75. (In Russ.)
  17. Ivlev S.N. [Electric ELLADA – problems of promotion and support measures]. Trudy NAMI, 2014, no. 257, pp. 65–75. (In Russ.)
  18. Berndt E.R. Praktika ekonometriki: klassika i sovremennost' [The Practice of Econometrics: Classic and Contemporary]. Moscow, YUNITI-DANA Publ., 2005, 848 p.
  19. Aivazyan S.A. Metody ekonometriki [Methods of econometrics]. Moscow, INFRA-M Publ., 2010, 512 p.

View all articles of issue


ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 11, Iss. 2
May 2018