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This Week's Forecasts & Trends E-Letter

Are EVs a Scam?

May 7, 2024

The US does not have a Federal zero emission policy, but many other countries do. There are several states that have such policies, however, the most notable of which is California. California’s Zero Emission Vehicle program mandates that 100% of vehicles sold in CA be emission free by 2035. NJ, RI and WA have adopted very similar policies and CT, MD, MA, NY and VT have adopted CA’s emission standards which are the most stringent in the country.

With all these states leaning hard into zero emissions and electric vehicle (EV) mandates that embrace EVs as the answer to the perceived climate threats, the questions need to be asked. Do EVs really provide a smaller environmental impact than traditional internal combustion engine (ICE) vehicles? Are they a solution or a virtue signal? In short, are EVs a scam?

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