5 facts you should know about electric vehicles

  With the transportation sector accounting for 28 percent of U.S. greenhouse gas emissions, the electric vehicle (EV) revolution is an essential part of the fight against climate change. EVs have far lower greenhouse gas emissions than their gas-powered counterparts, even when accounting for their higher battery mineral needs. Beyond their climate benefits, here are five additional reasons why EVs are gaining momentum.

EV sales growth points to oil demand peaking by 2030 − so why is the oil industry doubling down on production?

  Electric vehicle sales are growing faster than expected around the world, and, sales of gas- and diesel-powered vehicles have been falling. Yet, the U.S. government still forecasts an increasing demand for oil, and the oil industry is doubling down on production plans.

  Why is that, and what happens if the U.S. projections for growing oil demand are wrong?

The EV transition isn’t just about cars – the broader goal should be access to clean mobility for everyone

  The race to decarbonize passenger cars and light-duty trucks in the U.S. is accelerating. Battery electric vehicles accounted for almost 6% of all new vehicle sales in 2022, up from close to 3% in 2021, and demand is outstripping supply, even as manufacturers roll out new models and designs. The Biden administration is spending billions of dollars to build out EV charging networks and providing incentives for purchasing new and used EVs.

  This shift offers big economic and environmental benefits, but they’re not spread equitably. People who bear the most burdens in our current transportation systems often receive the fewest benefits and are least able to change their situations.

How the Inflation Reduction Act will save households money in 2023

  On January 1, 2023, a slate of new tax credits in the Inflation Reduction Act—also known as the climate bill—became available to U.S. households aiming to transition to cleaner energy consumption. Making these opportunities known to consumers and leveraging them to transform the country’s energy landscape will be critical to tackling climate change. Taking advantage of these credits will also yield significant cost savings for millions of Americans; create new high-paying jobs; and ensure a more secure and stable economy and environment.

Achieving the president’s goals for increased next-generation vehicle use

  Although state and federal policymakers are laying the groundwork for an electric car future, progress has been slower than anticipated.

  During his 2008 presidential campaign, Barack Obama announced a goal of putting 1 million advanced technology vehicles—plug-in hybrid electric or electric vehicles, or EV—on the road by 2015. In 2011, President Obama reiterated this goal and launched several initiatives designed to drive consumer demand for next-generation vehicles and to spur new research and development. And in 2012, he announced another initiative, the EV-Everywhere Grand Challenge, which created a collaboration of engineers, scientists, and industry to develop by 2022 EV models that are as affordable as 2012 gasoline-powered cars.