#26 Electric Vehicles
Transport
Electric vehicles are the cars of the future. If powered by solar energy, their carbon dioxide emissions drop by 95 percent compared to gasoline-powered vehicles.
Read moreElectric Vehicles
Transport
Rank and results by 2050 #26
Reduced CO2: | 11 gigatons |
---|---|
Net cost (Billions US$): | $14,148.00 |
Net operational savings: | $9,726.40 billion |
TOTAL CO2-EQ REDUCTION (GT)
Total CO2-equivalent reduction in atmospheric greenhouse gases by 2050 (gigatons)
NET COST (billions US $)
Net cost to implement
SAVINGS (billions US $)
Net savings by 2050
Impact:
In 2014, 305,000 EVs were sold. If EV ownership rises to 16 percent of total passenger miles by 2050, 10.8 gigatons of carbon dioxide from fuel combustion could be avoided. Our analysis accounts for emissions from electricity generation and higher emissions of producing EVs compared to internal-combustion cars. We include slightly declining EV prices, expected due to declining battery costs.