Connect with us

Maryland

Economist: EVs Can Help Drive U.S. to Carbon-Neutral Power Grid

Published

on

Economist: EVs Can Help Drive U.S. to Carbon-Neutral Power Grid


Vehicle standards recently announced by the Environmental Protection Agency establish stringent new goals for manufacturers to slash greenhouse gas emissions and other forms of pollution, pushing the industry to accelerate a transition to electric vehicles.

The ruling aims to help achieve the administration’s goal to reduce U.S. emissions 50-52% below 2005 levels by 2030 and become carbon-neutral by 2050. But is it realistic to expect most Americans to switch to cars that, for now, are significantly more expensive than their gas-powered counterparts and rare on the used market? And will deploying vast fleets of EVs to replace traditional vehicles help prevent climate change if they’re charging up with fossil fuel-generated electricity?

To get some answers, we sat down with Joshua Linn, a professor in the University of Maryland’s Department of Agricultural and Resource Economics, who studies the effects of environmental policies and market incentives in the transportation, electricity and industrial sectors.

Do you think it’s possible to eliminate new gas vehicles by 2050, or to meet U.S. climate goals, for that matter?

Advertisement

2050 is a long way off, and when you look at the market for cars now, it is a lot different from what it was 25 years ago. Historically, a few decades is what’s required for big transitions in car markets. We’re still a long way from having all electric vehicles, and it seems unlikely we’re going to meet those targets ahead of time, but a lot will come down to how consumers perceive these vehicles. Many people are just still just learning about it and considering it.

We have a lot of policies that are supporting those goals, and they’re definitely pointing us in the right direction. Whether we get there by 2050 or if it takes longer is pretty hard to predict.

One barrier to adoption is that EVs tend to be more expensive than comparable gas vehicles, with the most popular EVs starting in the mid-$40,000s. How has China been selling them in the $10,000 range?

There are lots of ways that the market in China is different from the U.S. Many of China’s EVs are small, lower-end types of vehicles. I’m skeptical that those types of vehicles would do well here.

U.S. consumers have stronger preferences for big vehicles and certain accessories, and the segment of the market that’s expanding here is in crossovers and sport utility vehicles. That’s also where the manufacturers can earn higher markups, so that’s where they are putting their efforts for EVs. The market for smaller EVs just hasn’t been there yet.

Advertisement

But most EVs are too expensive to qualify for tax credits. Isn’t that hurting the switchover to electric cars?

These restrictions stem from a combination of politics and concerns about equity. EV subsidies didn’t used to have the price caps or income requirements, and nearly all of those tax credits were being claimed by very high-income households for very high-dollar vehicles. With the Inflation Reduction Act, there was a desire to shift those subsidies toward lower-income households who tend to buy less expensive vehicles.

That makes sense. Higher-income households will tend to buy what they want even without a subsidy, but when you offer subsidies targeted toward lower-income households, those consumers do respond to price reductions, and the subsidies are more effective at boosting sales.

As a result, now I think you’re going to see a lot more vehicles priced just below the cap, maybe a little smaller and with fewer bells and whistles, aimed at a different segment of the market.

Economically, how does owning an EV in the long term compare to having a gas vehicle?

Advertisement

Overall, it can be a good deal for many customers, but it’s not an overwhelming savings. You don’t pay for gasoline, but you do pay for electricity. So, it really depends a lot on how much you drive and where you live. In regions like Maryland, we’re sort of in the middle for electricity prices across the country, and it’s more attractive than somewhere like California where electricity rates are very high.

Most drivers are converting to EVs from efficient gasoline vehicles like hybrid sedans, not giant pickup trucks. So, if you compare an electric vehicle to an efficient gas-powered sedan, you’ll cut your driving costs per mile by maybe half, depending on gasoline prices. You may save hundreds of dollars a year, but it probably won’t be thousands.

And then you have to consider the cost of adding a charging station to your home, although there are subsidies for that. And maintenance costs on EVs are lower.

For those who don’t see that as an economic incentive, and aren’t concerned about cutting carbon emissions, how will the U.S. increase EV adoption?

That gets back to the idea of how consumers see these vehicles, and I think it’s given rise to a new strategy, which is to say, “Yes, you will save on fuel, it’s good for the environment and all that’s true, but it’s also just more fun to drive an EV.” They give you really good performance on acceleration. They’re quieter, and manufacturers are building in entertainment features and high-end interiors.

Advertisement

Much of the U.S. grid still runs on fossil fuels, so if all Americans switch to electric cars, won’t that just shift emissions from cars to the power companies?

As more people drive EV’s across the country, there’s going to be an increase in overall electricity demand, which means there’s going to have to be investment in the power grid—new generators, and enhancements to the distribution network, all of that. If the cost of wind and solar are cheap, and other environmental regulations increase the cost of building new coal or natural gas-fired power plants, people will build wind and solar to meet the electricity demand. And that’s how we eventually decarbonize our electricity sector.



Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Maryland

Maryland governor vows special session to redraw congressional maps after election

Published

on

Maryland governor vows special session to redraw congressional maps after election


Maryland Gov. Wes Moore said he plans to call a special session in Annapolis to redraw the state’s congressional district maps, reviving a contentious redistricting fight that stalled earlier this year.

“The status in Maryland is we are going to have a special session,” Moore said in an interview on CNN. Asked, “You are going to do it?” Moore replied, “We are going to do it.”

Moore told CNN the goal is for lawmakers to return to Annapolis and produce a new map. “Our House and our Senate will get together. They will come up with a resolution and bring it to my desk,” Moore said. “But the core criteria I’ve laid out is…doing nothing is not an option.”

It would be Moore’s second attempt at redistricting. Earlier this year, an advisory commission appointed by the governor proposed a map that would stretch the mostly Republican 1st Congressional District into largely Democratic Howard and Anne Arundel counties. The change would put Maryland’s only Republican member of Congress into a district with more Democratic voters.

Advertisement

The proposal drew sharp criticism during a hearing. “Governor Moore and Democrats in Annapolis, you are stealing our voice and our vote,” one speaker said. Moore responded, “It’s an important question of what’s the value of one vote and I think the answer to that is ‘what’s the value of democracy.’” Del. Kathy Szeliga said, “How can you ask us to trust democracy when you are taking it so lightly.”

ALSO READ | Gov. Wes Moore selected as Democratic nominee for Maryland’s next governor: AP

The measure passed in the House but never came to a vote in the Senate. In Annapolis today, Senate Democrats gathered to discuss what to do next.

“I think they’re meeting to figure out what can we do to make sure the judges don’t get involved and overturn what they’re trying to do,” said political analyst John Dedie.

A UMBC poll last year found only a fourth of Maryland voters considered redistricting a priority, with crime, education and health care viewed as more important.

Advertisement

Szeliga criticized Moore’s push, saying, “It’s unfortunate Wes Moore is doing the bidding of Democrats in Washington and not paying attention to the residents in the great state of Maryland.” Dedie said, “In many ways what he’s pursuing is future aspirations.”

Maryland’s last attempt to redraw congressional lines four years ago ended up in court, where a judge threw out the proposed maps, finding they were the product of “extreme partisan gerrymandering.” Szeliga, who successfully fought that court battle, said she is prepared to challenge another effort. “If they try to illegally change the constitution to make it unconstitutional we will challenge that,” she said.

Dediesaid a special session now appears likely. “The train has left the station. It’s just a matter of when it will arrive in Annapolis for special session,” he said.



Source link

Advertisement
Continue Reading

Maryland

Navy ship USS Marinette arrives in Maryland for Sail250:

Published

on

Navy ship USS Marinette arrives in Maryland for Sail250:


One of the most unique ships featured in Sail250 Maryland and Airshow Baltimore can be found docked at the Baltimore Peninsula.

USS Marinette LCS25 is one of the most functional ships in the Navy fleet. At 370 feet long with 80 crew members, the ship has a helicopter landing pad and hangar, two rib boats in the belly of the vessel, and heavy artillery, including a cannon.

The ship has four engines, two of which are like jet engines, meaning it can sprint ahead of other vessels to intercept watercraft. It can also truck side to side and spin 360 degrees with controllable reversing and steering deflector buckets attached to the stern of the jet propulsion system. It can also traverse the littoral zones, water close to shore, and navigate waters as low as 15 feet deep.

“Where we shine is our ability to operate where other ships can’t,” said Cdr. Brian Sims, the ship’s executive officer.  “For a 370-foot ship, one of the smallest in the fleet, it packs a punch. We can go 40 plus knots.”

Advertisement

The ship is used in counternarcotics missions primarily on the East Coast and in the Caribbean. 

It is based in Jacksonville, Florida, but was built in Marinette, Wisconsin, which is where the ship gets its name. It began operating in 2023 and has yet to deploy. The ship can be out on the water for weeks or even months.

“We go out and find drug trafficking individuals and intercept, and the Coast Guard then takes over and arrests,” Sims said.

The pilot house is where the ship truly shines. An officer and junior officer monitor the radar and navigation, while another sailor sits at the helm and oversees steering the vessel and monitoring the engines.

“This is a very unique design for Navy ships,” Sims added.

Advertisement

The ship also hosts several heavy artillery pieces, including a cannon on the bow with different types of rounds to combat different threats. It can fire 220 rounds in a minute.   

With its rich Naval history, Baltimore is playing host to some of the Navy’s finest, and the crews are equally as excited to be here in Maryland, the backbone of the Navy, celebrating 250 years of American history.

“Baltimore is a fantastic city, steeped in maritime tradition. Of course, we have Fort McHenry that we sailed past and rendered honors to when we arrived,” Sims said. “Having the ability to be in this role in this position on board this ship to celebrate the nation’s 250th, it’s an absolute honor, and one that, one that gives us all pause, and lets us reflect on where we’ve come as a nation.”



Source link

Continue Reading

Maryland

Maryland families are paying the price for failed energy policies

Published

on

Maryland families are paying the price for failed energy policies


Listen to this article

Del. Jason BuckelAs Maryland families head into another hot summer, many are about to receive an unpleasant reminder of just how badly some state leaders failed to address Maryland’s growing energy problems this year.

Higher energy bills are not coming by accident. They are the predictable result of years of poor planning and a continued refusal by Democratic leadership in Annapolis to confront the real issue facing our state: Maryland does not produce enough electricity to meet its own growing energy needs.

Instead of seriously addressing that challenge during this year’s legislative session, Democratic leaders celebrated passage of the so-called Utility Relief Act (House Bill 1532), which offers Marylanders roughly $12 in savings per month. At a time when families are facing soaring energy costs driven by a massive shortage of reliable in-state power generation, that is not meaningful relief. It is a political talking point designed to avoid the larger conversation Maryland desperately needs to have.

Our state imports nearly half of the electricity it uses. Nearly half of the power keeping homes cool, businesses operating and communities functioning every day comes from outside our borders. Yet even as demand for electricity continues to rise, Maryland continues falling behind on building the reliable generation capacity needed to support our future.

Advertisement

That is not a serious long-term strategy.

Families across Maryland are already struggling with inflation, rising housing costs and economic uncertainty. Energy bills are becoming another major financial burden for working families, seniors and small businesses. But instead of focusing on increasing reliable power supply, meaning fully lowering consumer costs, and strengthening Maryland’s long-term energy security, Annapolis continues offering temporary fixes that fail to address the underlying problem.

The reality is simple: Maryland needs more power generation, and every responsible energy source should be part of the conversation. Natural gas, nuclear, renewables, battery storage, clean coal and emerging technologies all have a role to play in creating a more reliable and affordable energy future for our state.

Maryland also needs a broader conversation about the role experienced infrastructure providers and utilities can play in strengthening reliability and supporting future generation needs. These are organizations that already manage the systems Marylanders depend on every day and understand the long-term planning required to maintain dependable service.

Reliable and affordable energy is not a partisan issue. It is a basic requirement for economic growth, business investment and everyday quality of life.

Advertisement

As summer begins and air conditioners start running around the clock, Maryland families will once again be reminded that energy policy decisions made in Annapolis have real world consequences.

Unfortunately, they are paying for those consequences every month.

Del. Jason Buckel is the Minority Leader of the Maryland House of Delegates and represents Allegany County in the Maryland General Assembly.



Source link

Advertisement
Continue Reading
Advertisement

Trending