Nevada aims to plug vehicles into renewable energy
Nevada is considering legislation that would help the state produce cleaner, cheaper electricity. Senate Bill (SB) 448 (Brooks) would speed up approval of the transmission lines needed to transport low-cost renewable electricity to the region and speed up the deployment of cars, trucks and buses powered by that clean electricity.
The Nevada state economy and budget have been hit hard by the pandemic. SB 448 will require the state’s largest utility, NV Energy, to invest $ 100 million in charging infrastructure for light, medium and heavy electric vehicles (EVs) over the next three years, providing a economic revival essential without weighing on the budget of the State. And at least 40% of those investments will be made in communities that have borne a disproportionate share of transportation pollution and have suffered the most from COVID-19 – a disease that is made more deadly by exposure to air pollution. local.
The bill will also oblige NV Energy to come up with long-term strategic “transport electrification plans” to keep the state on track to meet its climate, air quality and climate targets. equity. A new report by MJ Bradley & Associates commissioned by NRDC, Southwest Energy Efficiency Project and Western Resource Advocates shows Nevada could achieve $ 21 billion in avoided gasoline and maintenance expenses, lower utility bills and reap environmental benefits from by 2050 if more drivers switch to electric vehicles.
$ 14.1 billion in driver savings
Electric vehicles save families money because driving on electricity is significantly cheaper than driving on gasoline. Plus, electric vehicles have fewer moving parts and less maintenance required – no oil change, no transmission, no muffler, no timing belt, etc. because electric vehicles are cheaper to power and maintain than gasoline-powered cars.
These are savings Nevadans can count on, as electricity prices are inherently more stable than gasoline prices. Electricity is produced from a diversified supply of domestic and increasingly cleaner resources. And, unlike the volatile global oil market, electricity prices are regulated by state utility commissions.
$ 3.6 billion in reduced electricity bills
Nevadans can charge millions of electric vehicles without investing significantly in the power grid. This is because electric vehicles can be charged when the grid is underutilized and renewable energy is plentiful, such as at night, when people are sleeping and wind power production in the area often peaks. New utility revenues from electric vehicle charging that exceed associated costs could reduce collective utility bills in Nevada by $ 3.6 billion by 2050.
Such estimates of potential future benefits are credible because they correspond to what has already been observed in the real world. Between 2012 and 2019, in the two utility territories with the most electric vehicles in the United States, electric vehicle drivers contributed more than $ 800 million in net income, money that has already been returned. to all customers in the form of lower rates and bills. .
$ 2.8 billion in societal benefits from pollution reduction
Widespread adoption of EVs would significantly reduce greenhouse gas emissions and also reduce NO emissionsX, a local pollutant that threatens the health of all Nevadans, especially children and those with respiratory problems. MJ Bradley’s report finds that growing the state’s electric vehicle market to meet Nevada’s long-term environmental goals would yield $ 2.7 billion in benefits to society, a measure that captures this reduction in pollution. and associated health improvements.
Conclusion: Nevada Should Act Now To Accelerate Its Electric Vehicle Market
Adding all that up, that adds up to roughly $ 21 billion in potential benefits for Nevada by 2050 by circulating more clean cars. Here’s the catch: Today, there are only about 8,000 EVs in the state, which means Nevada needs to ramp up its EV market to capture billions of dollars in potential benefits. Fortunately, with affordable, longer-range, second-generation EVs now available, the market could grow rapidly as the state moves to adopt clean car standards that will ensure more EVs are available. on purchase in the state. And the SB 448 will help provide the plugs for these plug-in vehicles.