What’s the upshot for consumers and the economy? Gasoline prices, already among the highest in the nation, would increase as much as 24 cents a gallon in the short run to reflect higher carbon-emission costs. Lawmakers proposed issuing “climate dividend” checks to Californians to offset the higher cost of carbon. The financial impact of an all-renewable electricity grid is uncertain.
Oregon takes the No. 1 spot when it comes to renewable energy use, and also for the overall Best States for energy rnaking. Nearly 80 percent of the state's renewable energy comes from hydropower, according to the National Hydropower Association.
The primary cost for an electric car is its battery, responsible for almost half the pricetag of a mid-sized plugin. If you take that away, electric cars are much cheaper to produce and maintain than internal combustion vehicles. (That’s why French carmaker Renault sells its popular Zoe without a battery, which customers pay a monthly fee to lease.
For true mass-market appeal, the up-front sticker price is what matters most, and battery prices must come down further. Fortunately, prices are falling fast—by roughly 20 percent a year. The manufacturing cost of electric cars will fall below their gasoline counterparts across the board around 2026, according to a recent analysis by Bloomberg New Energy Finance.
Economic conditions might be another factor. Even though the recovery has been stronger in California than in the rest of the country, Borenstein said business activities – and the resulting carbon emissions – are lower than regulators assumed when they started pulling together regulations a decade ago.
U.S. energy-related carbon dioxide (CO2) emissions in 2016 totaled 5,170 million metric tons (MMmt), 1.7% below their 2015 levels, after dropping 2.7% between 2014 and 2015. These recent decreases are consistent with a decade-long trend, with energy-related CO2 emissions 14% below the 2005 level in 2016.