Tax credits, subsidies can help EV adoption in Oman
Category Recommendation Rationale
• Oman could lower the upfront cost of PEVs by providing upfront subsidies, tax credits, tax exemptions or registration fee exemptions on vehicles and/or charging equipment
• Upfront cost of PEVs is currently an adoption barrier in all jurisdictions studied. Even when total cost of ownership for PEVs is lower than for ICE vehicles"https://oman-2040.blogspot.com", many consumers do not factor the lower fueling savings into their assessment and instead focus on the upfront vehicle cost differential. Depending on when Oman begins promotion of PEVs, the level of incentive needed may be small or zero.
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