Situation:The electric vehicle (EV) transition will fundamentally disrupt auto and energy markets. It is driven by massive cost-saving opportunities and resisted by oil companies and incumbent auto dealers. The pace of the transition is uncertain, but clearly dependent upon public policies.
Public policy optionsinclude status quo, fees on fuels, fees on inefficient new vehicles, rebates, better financing of vehicles or charging infrastructure, and guiding or funding charging infrastructure.
Recommendations:Define the goals for transportation energy, design policies for the sector, adopt fees on inefficient new vehicles, and efficiently fund charging infrastructure.