Electric Utility Opportunities in the Growing Public Transit Electrification Push

Abstract

Transportation electrification had a transformative year in 2023, bolstered by federal funding, higher than expected gasoline and diesel prices, and landmark state policies to ban the sale of gas-powered cars by 2035. According to the U.S. Environmental Protection Agency (EPA), the transportation sector is the leading source of greenhouse gas (GHG) emissions accounting for 28 percent of GHG emissions in the United States. Converting from internal combustion engines to electric-powered vehicles can significantly reduce transportation emissions, improve air quality and public health, and help accomplish federal, state, and local climate goals.