The opportunity for carbon reductions and increased electricity sales from electrification is highest in the transportation sector. Electrification challenges include economics, consumer acceptance, electric grid impacts, and limited product availability and dealer/contractor acceptance for some market segments. Current policies to promote electrification emphasize incentives and mandates. In the transportation sector, evaluations find that a combination of policies working together can have a substantial impact on EV sales. In the residential sector, upstream incentives paid to wholesalers and midstream incentives paid to contractors have worked well. Emerging policy areas for the next few years are discussed.
Published in Current Sustainable/Renewable Energy Reports.