Past and present development of the electric vehicles (EV) industry has primarily been informed by dueling neoclassical and neo-Keynesian economic doctrines. This has resulted in vehicle subsidies and carbon taxes being the leading EV policies both at home and abroad. Such policies, however, have failed to adequately drive the development of EVs. Ultimately, EVs have serious cost and performance obstacles to overcome before they will be able to compete with conventional gas cars and only battery innovation can accomplish that goal.
