Are electric cars good or bad for the economy?
Is the shift to more electric vehicles (EVs) a good thing or a bad thing for the overall economy? —Richard T., Boise, Idaho According to S&P Global Mobility Forecasts, electric vehicle sales have grown significantly over the past two decades, with around 50% of vehicles on the road expected to be electric by 2040. Individuals who can afford the initial cost of an electric vehicle can significantly reduce their carbon footprint while saving an average of $2,200 per year in fuel and maintenance costs. However, at the national level, experts have debated whether the increased electricity revenue, job creation and reduced oil dependence associated with electric vehicles outweigh the costs of installing charging stations and upgrading the grid. Charging could boost local business revenue The U.S. power grid uses only 50% of its electricity capacity to accommodate large swings during peak demand. Currently, 90% of electric vehicle charging occurs at homes and businesses during off-peak hours, so the amount of…
How far have we come in the transition to electric?
How is the electrification of school buses progressing so that our youth are not exposed to toxic exhaust? —Will Durk, Waterbury, Connecticut' More than 21 million children ride school buses every day, making student transportation the largest public transportation system in the United States. About 90% of these buses use diesel, a known carcinogen with serious consequences for public health and ecology. Diesel exhaust pollution is directly linked to increased rates of asthma and reduced cognitive development in children, disproportionately affecting low-income communities. "We're poisoning the way kids get to school," said Jessica Kitson, co-founder and director of the Texas Electric School Bus Project. Ribbon cutting for new electric school bus at Franklin Pierce High School in Tacoma, Washington Thankfully, advocacy groups across the U.S. have made great strides in addressing school bus electrification, from engaging underserved communities to educating policymakers to working with school districts on the issue and pushing for action. The U.S. government has made significant investments…
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