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.
Resources
Fast-Falling Battery Prices Boost Economic Benefits Expected from Heavy-Duty Vehicle Electrification
Transportation is the largest source of U.S. climate pollution, and while passenger electric vehicles sales are accelerating, heavy-duty vehicles (HDVs) lag behind. New Energy Innovation research finds falling battery costs mean electric HDVs could reach cost parity with diesel counterparts years earlier than expected– four of five vehicle classes could be on par with or cheaper than diesel counterparts by 2030. Speeding up the transition to electric HDVs– made possible by improving economics– will create major public health and climate benefits, particularly in environmental justice communities.
Modeling Climate, Health, and Economic Benefits of Faster New Energy Vehicle Deployment in China
China is the world’s largest greenhouse gas emitter (GHG) and climate pollution from its transportation sector is rising – if it doesn’t cut emissions, the whole world fails on climate change. New Energy Innovation research illustrates the enormous benefits from adopting policies that would drive a faster switch to zero-emission vehicles in China, the world’s largest market for electric cars and trucks.
Electric Vehicle Leasing Is The Cheapest Option For New Car Buyers
Falling electric vehicle lease prices, new federal tax incentives for leased EVs, and rising interest rates, coupled with the lower operating and maintenance costs of EVs, make leasing a new EV up to $500 cheaper per month and up to $6,000 cheaper per year than leasing or buying a comparable gas-powered vehicle
Electric Vehicle Leasing Is The Cheapest Option For New Car Buyers
Falling electric vehicle lease prices, new federal tax incentives for leased EVs, and rising interest rates, coupled with the lower operating and maintenance costs of EVs, make leasing a new EV up to $500 cheaper per month and up to $6,000 cheaper per year than leasing or buying a comparable gas-powered vehicle
How Much Does It Cost To Fill Up An Electric Vehicle Vs. A Gas-Powered Car?
In terms of fill-up savings, the results are clear: every EV model in every state is cheaper to fill than a gas-powered vehicle. Even in the example with the least cost savings, the average electric SUV was still $15 cheaper to fill than a Honda CR-V. Furthermore, average truck fill-up savings were nearly $24, while average sedan savings were nearly $26. The biggest cost savings reside in the Pacific Northwest, where high gas prices and cheap renewable energy lead to significant savings at the charger.
Emissions And Energy Impacts Of The Inflation Reduction Act
EI’s Robbie Orvis examines the potential implications of key IRA provisions, showing economy-wide emissions reductions between 43 and 48% below 2005 levels by 2035.
Federal Clean Energy Tax Credit Benefits By State
Energy Innovation used the Energy Policy Simulator to study potential economic, jobs, and public health benefits of the Inflation Reduction Act’s clean electricity and clean vehicle tax credits in the 48 contiguous states.
Nationwide Impacts Of California’s Advanced Clean Cars II Rule
New research uses the Energy Policy Simulator to assess the impact of additional state adoption of California’s Advanced Clean Cars II rule, setting a 100 percent zero-emission vehicles sales standard by 2035. The modeling shows adoption by California and 16 other states would accelerate electric vehicle adoption, cut 1.3 gigatons of carbon emissions (equivalent to closing 13 coal plants), create 300,000 new jobs, save households $230 per year, and prevent 5,000 deaths in 2050.
Analyzing The Impact Of The Inflation Reduction Act On Electric Vehicle Uptake In The United States
This study assesses Inflation Reduction Act (IRA) impacts on light- and heavy-duty electric vehicle (EV) sales in the United States, finding light-duty EV sales shares could range from 56 percent to 67 percent by 2032, the final year of the IRA tax credits, and heavy-duty EV sales shares could range from 44 percent to 52 percent by 2032. With the IRA, the U.S. Environmental Protection Agency can set more stringent vehicle greenhouse gas standards at lower cost and higher benefit.
Closing The Emissions Gap Between The IRA And 2030 NDC: Policies To Meet The Moment
The U.S. Energy Policy Simulator identifies policies capable of closing the emissions gap between what the Inflation Reduction Act could achieve and the U.S. Nationally Determined Contribution of 50 to 52 percent emissions reductions below 2005 levels by 2030. The modeling finds additional federal and state actions can close the gap, while creating 2.7 million jobs, adding $700 billion to the economy, and avoiding $1.7 trillion in climate damages between 2023 and 2030.
Electric Vehicles Will Soon Lead Global Auto Markets, But Too Slow To Hit Climate Goals Without New Policy
Electric vehicle sales are growing exponentially thanks to rapid battery innovation, policy support, and automaker commitments. But the transition won’t happen fast enough to meet global climate goals without stronger policies. This report provides a policy roadmap for capturing the climate, economic, and public health benefits of EVs including ZEV sales standards of 60 percent of new passenger vehicles by 2030 and 100 percent by 2035, increasingly stringent tailpipe emissions standards, equitable consumer incentives, and supply-chain development.
Implementing The Inflation Reduction Act: A Roadmap For State and Federal Transportation Policy
The Inflation Reduction Act’s (IRA) ground transportation provisions could jumpstart America’s electric vehicle (EV) industry, create good-paying U.S. jobs, and get more zero-emission vehicles on the road. This report explains the most impactful EV policies, examines recent independent modeling investigating the IRA’s transportation sector impacts, and recommends further regulatory action and state policy to ensure the U.S. can swiftly transition to an electrified transportation future and meet our climate goals.
California Energy Policy Simulator Update: Earlier Action Delivers Social and Economic Benefits
Updated California Energy Policy Simulator research finds California must more than triple its decarbonization rate to meet state climate goals. EPS modeling identifies a proven set of climate strategies that could cut emissions 47 percent, add $28 billion to the state’s economy, create 170,000 jobs, prevent 26,000 asthma attacks, and save households an average of $1,500 in 2030.
Used Electric Vehicles Deliver Consumer Savings Over Gas Cars
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.
Accelerating Clean, Electrified Transportation by 2035: Policy Priorities
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.
Accelerating Electrified Transportation By 2035
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.
Increasing Electric Vehicle Charging Access At Multi-Unit Dwellings: Workshop Summary Report
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.
Clean Trucks, Big Bucks
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.