Driving Decarbonization: Multidimensional Assessment through Agent-Based Modelling of Electric Vehicle Adoption

To meet the environmental sustainability objectives outlined in the Green Deal and the “Fit For 55” climate package, notably achieving carbon neutrality, European nations must curtail their greenhouse gas emissions. In this vein, promoting the adoption of electric vehicles emerges as a pivotal strategy. Previous research has primarily focused on isolated aspects of this phenomenon, neglecting a holistic approach that merges technical, socio-behavioural and external-related dimensions and their interrelations within a singular analytical framework. The present paper addresses this gap by developing an empirical agent-based model of electric vehicle adoption in a community of individuals, evaluating simultaneously the interplay of these aspects. Our findings demonstrate how factors like range anxiety and environmental awareness influence the rate of EV adoption. Additionally, we discuss the importance of driving factors such as government financial incentives and advertising expenditure in promoting EV adoption rates. By providing insights into the dynamics surrounding the adoption of EVs, this paper highlights the importance of employing a thorough policy framework to encourage the widespread implementation of sustainable practices