New vehicle markets in developing countries are characterized by low-income consumers and highly concentrated markets that distort equilibrium markups, which increases challenges of transitioning to electric vehicles. We analyze existing and proposed policies aiming to increase hybrid and...

Developing countries face a major challenge of decarbonizing their light-duty vehicle fleet and transitioning to the broad use of electric vehicles. However, there is little evidence on which policies can most effectively facilitate that transition in these countries, distinguished by relatively...