July 30, 2019
EnerKnol’s Visual Primer – Investments in Electric Vehicles Pile Up as Fossil-Fuel Phase Outs Loom
Utilities are pouring hundreds of millions of dollars into widespread adoption of EVs to meet aggressive climate targets.
The transportation sector’s overwhelming reliance on higher-emitting fossil fuels combined with a federal retreat on climate change policy and fuel economy standards has made the widespread deployment of electric vehicles (EVs) one of the top priorities for states looking to achieve increasingly stringent emission cuts. Electric utilities, playing a central role in the shift away from gasoline-powered cars, are now rolling out of hundreds of millions of dollars in infrastructure investments and a grab bag of consumer incentives.