Evaluating the Economic and Environmental Effects of Government Subsidies for Electric Vehicles and Energy Storage System Adoption : A System Dynamic Approach

Rahmawati, Rafika (2023) Evaluating the Economic and Environmental Effects of Government Subsidies for Electric Vehicles and Energy Storage System Adoption : A System Dynamic Approach. Masters thesis, Institut Teknologi Sepuluh Nopember.

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Abstract

Large-scale emission of greenhouse gases (GHGs), especially carbon dioxide, is significant in global warming (CO2). The transportation sector is the second highest contributor to carbon emissions in Taiwan. Therefore, implementing net zero green life and electric & carbon-free vehicles, as stated in Taiwan 2050 Net Zero Transaction (12 key strategic plans), is an appropriate strategy with electric vehicles (EVs) and behavioral changes toward low-carbon transportation. However, the use of EVs also requires a sufficient electricity supply. In order to meet the electricity demand during peak periods, ESS can be considered to fulfill the electricity supply at charging stations. However, the transition of ESS and EV adoption requires government support and other incentives to achieve the goal of a 23%-25% emission reduction by 2030 and banning the sale of fossil fuel vehicles by 2040 in Taiwan. This study aims to analyze the impact of government policies and strategies to subsidize EVs and energy storage systems to increase EV adoption and reduce carbon emissions in the transportation sector. The system dynamics approach is conducted to model the dynamic interaction of EV adoption, ESS infrastructure and supply, government subsidy, and funding subsystem. Several scenarios were also simulated to investigate the impact on Taiwan's ESS and EV subsidy policies from 2023 to 2040. The result shows that government subsidies for EVs and charging stations can encourage EV adoption, and ESS can support the EV electricity demand during peak periods. Government subsidies and incentives for EVs, such as purchase subsidies, research and development subsidies, can contribute to increased EV adoption and private investment in carbon emission reduction. The best scenario results in extending the purchase subsidy to 2030 and the charging station subsidy to 2035.

Item Type:	Thesis (Masters)
Uncontrolled Keywords:	Electric Vehicle, Energy Storage System, System Dynamics, Government Subsidy, Kendaraan Listrik, Sistem Penyimpanan Energi, Sistem Dinamik, Subsidi Pemerintah
Subjects:	H Social Sciences > HE Transportation and Communications H Social Sciences > HG Finance > HG4529 Investment analysis T Technology > T Technology (General) > T57.62 Simulation
Divisions:	Faculty of Intelligent Electrical and Informatics Technology (ELECTICS) > Information System > 59101-(S2) Master Thesis
Depositing User:	Rafika Rahmawati
Date Deposited:	26 Jul 2023 06:30
Last Modified:	26 Jul 2023 06:30
URI:	http://repository.its.ac.id/id/eprint/99419

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