Between 2017 and 2022, electric vehicle (EV) sales have seen an eightfold increase in volumes, largely propelled by government incentives for EV purchases and the growing range of EVs equivalent to traditional vehicles. While both government and consumer spending on EVs have surged, there's a notable shift, as the government's share of spending on EVs has decreased relative to total expenditure. This indicates a maturing market with a reduced reliance on subsidies. Spending by consumers and the government per EV has remained relatively stable since 2017, indicating growing customer acceptance despite reduced incentives.