Studies released from the Environmental Defense Fund show the dramatic, yet significant benefits of zero-emitting vehicles.
“Automakers are investing in zero-emitting vehicles, models are increasing and costs are rapidly declining,” says EDF senior director of transportation and methane policy Peter Zalzal. “These dramatic shifts in the market underscore the enormous opportunity associated with protective clean car standards and complementary societal investments. Eliminating climate and health-harming pollution from new cars can boost jobs, save consumers thousands of dollars, and save thousands of lives.”
From the Environmental Defense Fund
- By 2030, the buyer of a new battery electric vehicle will save more than $7,200 over the life of the car compared to a gasoline-powered car.
- By 2040, these pollution safeguards will reduce annual climate pollution by 600 million metric tons as well as reduce smog and particulate pollution.
- By 2050, these safeguards will deliver more than $100 billion in net societal benefits each year and provide $1.6 trillion in cumulative net benefits to Americans by 2050.
- Carmakers worldwide will spend more than $257 billion through 2030 developing new electric models, including more than $22 billion to open new or renovated plants in the United States.
- The electric vehicle industry employed almost 130,000 people across the United States in 2019.
- The cost of batteries for electric cars has fallen dramatically – from more than $1,000 per kilowatt-hour in 2010 to approximately $137 per kilowatt-hour in 2020. By 2030, they are expected to be as low as $61 per kilowatt-hour.