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Outlining the Economic & Emissions Benefits of Electric Vehicles

Economic & Emissions Benefits

With continued investment and supportive policies, electric vehicles (EVs) have emerged as the most promising clean transportation alternative to gas-powered vehicles. As automakers introduce more diverse and affordable EV models, and as the network of charging stations expands, the market for electric vehicles will continue to grow.

This paper analyzes the true societal value of electric vehicles. Are they really better for the environment? How does EV adoption affect the economy? The results of an economic and emissions impact analysis for EVs purchased and driven in Nevada finds that Nevada EVs today benefit consumers, the state economy, and the environment, and that these benefits will grow over time.