The University of California, Berkeley, Center for Entrepreneurship & Technology released a new study examining the market size for electric cars with switchable batteries as well as the economic and environmental benefits of mass-market adoption. The study shows rapid adoption for electric vehicles, quantifies how the electrification of the U.S. transportation system will decrease America’s dependence on foreign oil, increase employment, and reduce the environmental impact of transportation emissions.

The study also predicts:
•    A net gain of up to 350,000 new jobs by 2030 through electric vehicle adoption
•    Reduced emissions by as much as 62% from 2005 levels when electric vehicles are powered by clean sources of electricity, even over a scenario of improved fuel economy for gasoline-powered cars
•    Savings of up to $205 billion on healthcare costs associated with emissions from combustion engine vehicles
•    A decline in oil imports of up to 3.7 million barrels per day, equivalent to the amount currently imported daily from the Persian Gulf region and Venezuela

The study is availble here

Leave a Comment