Electric vehicles – transforming personal transportation

“We are on the cusp of transformational change in personal transportation that will have very healthy economic, environmental, and social outcomes,” says Brent Kopperson, Executive Director of Windfall Ecology Centre.

Kopperson is talking about the use of electric vehicles (EVs).

Windfall Centre has released an in-depth study of the economic impact of electric vehicle adoption in Ontario.

Windfall Centre has released an in-depth study of the economic impact of electric vehicle adoption in Ontario.

An in-depth study released by Windfall concludes an upsurge in EV use would translate into more jobs, manufacturing and government revenues in Ontario. According to the study, if EVs reach a 10 percent share of the total passenger vehicle population by 2025, total income will increase by more than $3.6 billion and 34,000 person years of work will be created.

In addition, increased EV use would reduce GHG emissions and allow Ontario to achieve its intended targets.

The report acknowledges increases in EVs will significantly impact the oil and gas industry, causing job and revenue losses in that sector. However, those losses would be offset by an increase in jobs and manufacturing, taxes and other government revenues by a successful Ontario-based EV industry.

The study demonstrates the net positive effects of EV use include:

  • large energy savings, particularly in those expensive and non-renewable fossil fuels imported from outside Ontario
  • reductions in CO2 emissions and the prospect of placing Ontario as a frontrunner in the fight to eliminate CO2
  • developing a new and dynamically growing industry with a capacity to generate sizeable employment opportunities at the upper end of the wage scale

“We expect that global Plugin Electric Vehicle (PEV) sales will grow at a 40 percent compound annual rate through 2020,” says Kopperson. “This robust growth can be attributed to a number of factors including high levels of consumer satisfaction with the PEV driving experience, low operating costs, government incentives, the expanding availability of charging infrastructure, and growing selection of vehicle choice. Today there are 15 PEV models available in Canada from 10 manufacturers. We will likely see an additional 10 models introduced within the next two years.”

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