The problems hampering EV adoption can be solved, but only if policymakers and advocates stop looking to the neoclassical and neo-Keynesian economic doctrines as the North Star guide to climate and energy policy. Instead, the emerging field of “innovation economics” offers guidance on how policy can spur the development of the kinds of breakthrough technologies that will make EVs and other clean technologies viable. If the world is to substantially reduce greenhouse gas emissions from the transportation sector, EVs must become the vehicle of choice for consumers everywhere. The most important step, however, is greater innovation to create electric cars that they actually want to buy and drive.
