Benefits of EV Investments
Electrification of the transportation sector is imminent, offering promises of lower costs for both electricity consumers and vehicle owners, but the path and speed the transition takes is not predetermined. The costs and benefits of electric vehicle (EV) adoption and the manner in which those costs and benefits are allocated among utility customers can vary substantially, with important implications for equity. The costs to utility customers are largely driven by the timing of EV charging, as well as any utility transportation electrification programs that rely on ratepayer funds. Who experiences the benefits depends, in part, on the design of transportation electrification programs, although many benefits (such as rate reductions and reduced pollutants) will be experienced by all utility customers.
Synapse worked with an advisory group composed of consumer advocates from across the country to develop a framework for helping consumer advocates analyze EV policy options (including ratepayer-funded transportation electrification programs) and ensure that the benefits of EV adoption are equitably distributed across customers.