A study by the American Lung Association projects that almost 90,000 lives might be saved by 2050 through the adoption of electric vehicles in the United States. However, in order to realize the entire benefits of health, the nation would also need to move further toward cleaner, noncombustion energy sources, including geothermal, wind, hydro and solar.
The study estimates that moving to cleaner cars and better energy sources will result in 2.2 million fewer instances of asthma and 10.7 million fewer lost working days will be lost. In addition, the American healthcare system will benefit by saving $978 billion.
According to the U.S. Environmental Protection Agency, the transport sector is the primary contributor to emissions of carbon, which is what is causing the environmental crisis and is America’s worst source of air pollutants. Being exposed to any form of pollution is harmful to human health; research has shown that pollution dramatically increases the risk of dying young or developing chronic diseases such as asthma, heart issues, Alzheimer’s disease or depression.
Research released this year by the American Lung Association revealed that almost 120 million Americans reside in places with poor air quality. Communities with low incomes and those of color suffer the most from this health issue. According to studies, groups in these categories frequently reside closer to significant sources of air pollutants, such as power stations and busy highways.
According to Dr. Jason West, the transition to EVs would entail an initial expenditure; however, the enormous benefits of health may well outweigh the initial costs of the said activities. The automobile sector as a whole and the government at large are making major efforts to speed the transition to vehicles with no emissions.
In an effort to minimize pollution from all sides, the American government has been pressing for tighter regulations regarding car emissions as well as stringent restrictions on the emissions of the energy industry. The Environmental Protection Agency reinstated the Obama-period auto-emissions standards in 2021, and the agency released a proposal in April that would impose even tighter emissions regulations on all vehicles and light-duty trucks. The U.S. EPA has also suggested regulations that could impose stricter restrictions on emissions that contribute to ozone formation, carbon and pollution from particulates.
Congress has made efforts to reduce pollution as well. Last year’s IRA provided a tax credit of $7,500 that runs up to August 2032 for the acquisition of an EV, thus encouraging Americans to acquire emission-free automobiles.
Many automakers are making efforts to produce greener vehicles. More alternatives are available than before, and both range and battery power have significantly increased. The future is expected to see more advancements in this area. The majority of automakers intend to release a number of new vehicles in the next 10 years and are making billion-dollar investments in the construction of factories to produce batteries and advance EV technology.
As all those expansion projects start bringing EVs onto the market, the competition between the various manufacturers such as Rivian Automotive Inc. (NASDAQ: RIVN) and rivals from around the world may reach high levels, to the benefit of consumers.
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
To receive SMS text alerts from Green Car Stocks, text “Green” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.greencarstocks.com
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.greencarstocks.com/Disclaimer
Green Car Stocks
Los Angeles, CA
www.greencarstocks.com
415.949.5050 Office
[email protected]
Green Car Stocks is part of the InvestorBrandNetwork.
