All new cars and trucks sold in the United States could be powered by electricity by 2035, according to a new report from University of California, Berkeley.
According to The 2035 Report 2.0, the electrification of transport could save households $1000 each year over the next 30 years, and support more than 2 million jobs. However, such progress hinges on the presence of robust policy reforms.
The report, which investigates the factors driving the electrification of cars and trucks, also revealed that electrification could prevent 150,000 premature deaths and avoid $1.3trn environmental and health costs by 2050.
Dr Nikit Abhyankar, senior scientist at the University of California, Berkeley Centre for Environmental Public Policy, commented: The case for electric vehicles is stronger than ever before and one of the most exciting findings of this study is the potential for large savings for all households.
UC Berkeley EV Research Reports By 2035 USA Drivers Must All Plug-In To Save Society And Our Economy And Bring Clean Air and Transportation Equity To Underserved Inner City Citizens
Research finds all new car and truck sales can be electric by 2035, saving households trillions.
New national report is first to use latest battery and infrastructure costs, shows with the right policy the U.S. can electrify on-road transportation, which would save households $1,000 every year over the next 30 years, support over 2 million jobs, and aid recovery efforts.
BERKELEY, CA All new cars and trucks sold in the United States can be powered by electricity by 2035, according to a study released today from the University of California, Berkeley. The study also finds that without robust policy reforms, most of the potential to reduce emissions, cut transportation costs, and increase jobs will not be realized.
February 26, 2021
A record-setting winter storm left many Texas households without power for days last week and left those who did manage to get power stuck dividing a $50 billion electric bill, the product of a wild upward swing in wholesale power prices.
This is the gamble at the heart of a deregulated electricity market, in which companies compete to produce and sell electricity, as opposed to a monopoly system with rates fixed by regulators. In this kind of system, which covers about 60% of the US, consumers accept some price volatility in exchange for, in theory, lower rates and better service most of the time. Some types of retail contracts offer more insulation from wholesale price swings than others. But ultimately, all customers have to trust that the companies and officials running the grid will invest and plan in a way that will produce the greatest reliability at lowest cost.