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Volume 13, Issue 4 (April 2026), Pages: 130-137
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Original Research Paper
An intelligent information framework for estimating the causal impact of financial incentives on electric vehicle adoption
Author(s):
Boumedyen Shannaq *
Affiliation(s):
Management Information System Department, College of Business, University of Buraimi, Al Buraimi, Oman
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* Corresponding Author.
Corresponding author's ORCID profile: https://orcid.org/0000-0001-5867-3986
Digital Object Identifier (DOI)
https://doi.org/10.21833/ijaas.2026.04.013
Abstract
Efficient financial incentives play an important role in accelerating the adoption of electric vehicles (EVs). This study applies causal machine learning, specifically Double Machine Learning (DML) combined with a Gradient Boosting model, to estimate the true causal effect of discounts on EV sales. The proposed model significantly improves predictive performance, achieving an R2 value of 0.941, which represents a substantial improvement over baseline methods. The causal analysis indicates that a 1% increase in discounts leads to a statistically significant rise in sales; however, this effect varies across different customer groups and geographic regions. In addition, SHAP analysis is employed to provide interpretable insights into the key factors influencing EV adoption. Overall, the study presents a robust framework that integrates predictive modeling with causal inference and offers practical guidance for policymakers and manufacturers to design targeted and effective incentive strategies for promoting EV adoption.
© 2026 The Authors. Published by IASE.
This is an open access article under the CC BY-NC-ND license (https://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords
Electric vehicle adoption, Financial incentives, Causal machine learning, Gradient boosting, SHAP analysis
Article history
Received 30 November 2025, Received in revised form 5 April 2026, Accepted 10 April 2026
Acknowledgment
The author gratefully acknowledges the support and funding provided by the University of Buraimi.
Compliance with ethical standards
Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article. Citation:
Shannaq B (2026). An intelligent information framework for estimating the causal impact of financial incentives on electric vehicle adoption. International Journal of Advanced and Applied Sciences, 13(4): 130-137
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