Economic and Air Quality Benefits of Electric Vehicles in Nevada - EXECUTIVE SUMMARY

ECONOMIC AND AIR QUALITY BENEFITS OF ELECTRIC VEHICLES IN NEVADA Because of the substantial economic and air quality benefits, SWEEP recommends that the state of Nevada take more action to spur the adoption of EVs. [...] David Roland-Holst, an economist at the University of California, Berkeley, analyzed the economic and job creation impact of two EV market penetration scenarios for California.8 While the study focused on the impact of EV fuel savings in the California economy and the results may not be directly applicable to Nevada, the general scale of the economic and employment impacts should be applicable. [...] We analyzed the economic benefits of EVs based on two forecasts for the price of gasoline developed by the EIA: the Reference Case and the High Oil Price Case.10 The average price of electricity per kWh for Nevada customers taking advantage of NV Energy’s electric vehicle rate is estimated at $0.053 per kWh.11 The average rates were increased based on EIA’s projected increase in electricity prices. [...] Applying the same three market penetration scenarios described above in the job creation section, the economic impacts to the entire economy are estimated in Table 2, which shows that the adoption of EVs in Nevada has the potential to provide between $18 million and $138 million in annual economic benefits to Nevada in 2030. [...] The level of emission reductions for the Prius Plug-in and the Volt generally fall between those of the Leaf and the Civic CNG.