The EV industry continues to consolidate in the United States, both in terms of production and purchase by consumers of all segments. It is precisely this triumph that has led them to announce record profits. Find out why they will generate $1.2 trillion and, above all, how it will help you (because we anticipate that it will not only be for carmakers).
EVs on the way to saving the economy: beyond decarbonizing industry
The transporting sector which is today the largest source of greenhouse gases in the U.S. Fossil fuel burning engines for automobiles discharge amount of pollutants such as nitrogen oxides, particulate matters and volatile organic compounds in considerable quantities.
These pollutants help smog build up and the gross air quality, and such aspects eventually have a negative impact on public health. In absence of emission direct discharges EV is a source of zero gases. Therefore the air quality will be improved, and hence wider spread of associated health benefits.
It appears that the statistics about firmly higher rate of electric cars will decrease premature death from air pollution. Most of areas with major roads being near to populations and people spending a lot of their time in areas of traffic congestion have the most to gain from the transition to EVs.
The fewer emissions from EVs will most likely negatively frequent the occurrence of diseases such as respiratory and cardiovascular which are linked to exposure to air pollution. The exposure of human organisms to poisonous emitters from Classical petrol-driven engines increases the risk of blood vessels, lungs, and heart diseases.
Here’s how EV in United States will generate $1.2 trillion: the windfall profit
The incremental use of electric vehicles (EVs) is measured to be a fruitful endeavor as most of the healthcare costs will be slashed off. It is estimated in the latest metrics that in the next 30 years public benefits would total over $1 trillion. One reason is the cut in tailpipe emissions which is the major air pollution driver.
Gasoline as well as diesel cars found in streets end up releasing a plethora of toxic compounds into the air that not only pose a huge threat to people’s health, but also contribute to the formation of smog, with nitrogen oxides, particulate matter and volatile organic compounds being one of the main air pollutants.
The benefit of EVs in terms of pollutants emissions is evident since no direct emissions in the environs can be counted which renders the air free of toxic pollutants. The same study suggests, that the shift to EV could boost the understanding of the air pollution problem of the world 10 years earlier at the latest.
Roughly two billion dollars by 2050 will be saved in healthcare alone, just from better air quality, with more clean EVs replacing older, gasoline burning models. These policy savings clearly illustrate how much public health we could improve by just pushing the electric transition to the foreground.
1.2 trillion dollars that will benefit you: watch what will happen by 2030
The common use of electric transport is expected to generate cost benefits for our country in a way of significant expansion of the overall economy besides automotive business. EVs’ air pollution reducing ability could have an impact almost throughout the whole system, pulling up productivity across the economy.
Studies estimate that if US would change vehicles to electric ones, existent health benefits may come to $1.2 trillion by 2050. An essential element in these economic advantages which is higher productivity from a healthy labor force dramatically influence the economy.
No employees’ absenteeism due to shortening the time changing the sickness means less classes and better functionality on the job. The USA is predicted to lose almost 3 million man-days from work as a result of pollution annually by the American Lung Association forecast.
Looking at EV in United States sales figures, we wouldn’t be surprised if the profits exceed $1 trillion. Imagine how our automotive industry will grow with this kind of profitability, leaving aside the tax incentives and tax credits that the White House has confirmed (of course, this kind of programs will also benefit from the flow of capital that has been announced).
