The U.S. transportation sector is the largest national source of emissions, and burning fossil fuels in vehicles contributes to well-documented public health hazards like lung disease, stroke, and premature death. Because a typical car, truck, SUV, or motorcycle may operate for one or two decades, transportation sector decarbonization requires all new cars sold to be fully electric within the next decade. Significantly increasing electric vehicle adoption requires significant investments in ubiquitous charging infrastructure, rate design to encourage off-peak charging, along with numerous other policies to support an equitable transition for all consumers and businesses.
New research shows used electric vehicles in California are cheaper to own than comparable used gas-powered cars over an average ownership period, and are up to 40 percent cheaper when the maximum incentive under the state’s Clean Cars 4 All program is applied, paving the way for adoption by lower and middle-income consumers. The report also includes policy recommendations for accelerating electric vehicle adoption and creating good-paying jobs.
Electrifying every new car and truck sold in the U.S. by 2035 would save consumers $2.7 trillion and create more than 2 million jobs by 2035, but these benefits will only be realized with greater policy ambition including strong national fuel economy and tailpipe emissions standards for all vehicle classes.
New research shows not only is it technologically feasible to electrify every new car and truck sold in the U.S. by 2035, it would also save consumers $2.7 trillion and support more than 2 million jobs, but these benefits will not be realized without smart policy.
This report summarizes proposed solutions from leading experts to address the primary barriers to increasing electric vehicle charging access for multi-unit dwellers in California to reduce emissions while also promoting equity.
Modeling of California’s Advanced Clean Trucks rule shows it will generate more than $7 billion in savings through 2040, yielding tremendous public health benefits valued at $9 billion dollars. When using a battery cost closer to those observed for passenger vehicles, these savings rise to more than $12 billion through 2040.