NRDC Report: Cleaner Automobiles Drive Advantages for Well being & Wallets

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WASHINGTON, D.C. — The clear automobile insurance policies of the Biden administration will ship unprecedented advantages to the American folks, together with billions of {dollars} of financial savings, extra automobile choices and fewer air pollution, a brand new report from NRDC (Pure Assets Protection Council) exhibits.

The report, Cleaner Automobiles, Fatter Wallets, compiles new and current knowledge to reveal the broad advantages of federal incentives and tailpipe emission requirements. It consists of new knowledge exhibiting that the mixture of the Bipartisan Infrastructure Regulation and Inflation Discount Act and the EPA clear automobile requirements will slash carbon air pollution from autos by the unprecedented scale of practically 8 billion metric tons over the subsequent three many years.

“The Biden administration’s clear automobile insurance policies are steering us to a greater future, one with decrease prices and extra choices for drivers — and far much less of the air pollution driving local weather change,” mentioned Luke Tonachel, the writer of the report and a senior strategist for transportation at NRDC.

Cleaner Automobiles, Fatter Wallets compiles a variety of information to point out these advantages from the present insurance policies:

• $6,000 lifetime financial savings for these shopping for a brand new automobile in 2032;
• a surge in battery electrical and plug-in hybrid automobile gross sales, reaching 10 million by 2032 — 2.5 instances what they might be with out these insurance policies;
• the discount of practically 8 billion tons of carbon emissions, greater than the whole U.S. economic system emits in a 12 months;
• fewer coronary heart assaults, lung sicknesses, and bronchial asthma assaults, leading to $13 billion a 12 months in prevented health-care prices between 2026 and 2055.

“We’re within the awkward early days of those automobile insurance policies, and much too many are utilizing each small hill as an excuse to argue towards the street we’re on. However altering course now can be a horrible mistake,” Tonachel mentioned. “The minor twists and turns we could face over the approaching months and years will quickly disappear as our momentum grows and progress builds on progress.”

“This knowledge exhibits we’re on the appropriate street, and we have to keep the course to ship all the advantages which are doable,” he mentioned.

Here’s a telling chart from the report:

Right here’s the report once more: Cleaner Automobiles, Fatter Wallets: The Present U.S. Clear Autos Coverage Package deal Will Ship Local weather, Well being, and Financial Advantages for All 

By Mark Drajem and Elizabeth Heyd, NRDC.

NRDC (Pure Assets Protection Council) is a global nonprofit environmental group with greater than 3 million members and on-line activists. Established in 1970, NRDC makes use of science, coverage, regulation and other people energy to confront the local weather disaster, defend public well being and safeguard nature. NRDC has places of work in New York Metropolis, Washington, D.C., Los Angeles, San Francisco, Chicago, Beijing and Delhi (an workplace of NRDC India Pvt. Ltd)