EI’s Robbie Orvis says a policy mechanism will be needed to retire the last remaining coal plants by the end of the decade to achieve 50 percent emissions reductions.
EI’s Amanda Myers says research shows it’s very possible to meet the associated rise in electricity demand from an all-electric vehicle sales standard by 2035, but utilities need to plan for that and many already are.
EI’s Sara Baldwin says Biden’s infrastructure plan is a good start to accelerating vehicle electrification but should be supplemented by investments from state and local governments and the private sector.
EI’s Sara Baldwin says the transition from fossil-fuel-powered cars and trucks to electric vehicles is already underway, but America needs increased policy ambition to truly accelerate market transformation.
EI report shows the role of government policy to accelerate transportation electrification is crucial, first with incentives to buy electric vehicles until there is price parity and then to rapidly ramp up fast-charging infrastructure.
EI’s Sara Baldwin says the lead policy lever for achieving all-electric vehicle sales by 2035 is strong national fuel economy and tailpipe emission standards, ideally reaching zero emissions by 2035.
EI report with the University of California, Berkeley and GridLab shows if the U.S. sells only electric vehicles by 2035, it could save drivers and fleets about $2.7 trillion in vehicle, fuel, and maintenance costs through 2050.
Electrifying All New Vehicles Sales by 2035 Can Be Done, Would Save U.S. Consumers $2.7 Trillion by 2050, Report Finds
EI’s policy report explains why strong federal fuel economy standards, state-level zero-emission vehicle standards, financial incentives, and labor standards to buy domestic manufacturing are necessary to achieve all-electric vehicle sales by 2035.
EI’s Sara Baldwin says the transition from fossil-fuel-powered cars and trucks to electric vehicles is already underway, but the U.S. needs increased policy ambition to truly accelerate market transformation, sustain and create good-paying jobs, and aid in the country’s economic recovery.
EI research finds a 50 percent reduction in emissions by 2030 is feasible if the electricity sector were to rapidly shift away from coal and natural gas, and toward renewable energy, along with a rapid scaling up of electric vehicle use.