Report: Electric Transportation Investment Would Boost Florida Economy

According to Advanced Energy Economy, each dollar of public investment into electric vehicles generates $2.60 of direct private investment.
According to Advanced Energy Economy, each dollar of public investment into electric vehicles generates $2.60 of direct private investment. Photo credit ShutterStock.com, licensed.

MIAMI, FL – Florida would benefit from the federal government’s proposed $274 billion investment in electric vehicles and infrastructure, according to a new report. The report found the American Jobs Plan’s funding for new EV charging infrastructure, manufacturing and training would deliver a return of $1.3 trillion in private investment.

Those who are skeptical about electric vehicles often cite concerns over high upfront costs. But Ryan Gallentine, policy director for electrifying transportation for Advanced Energy Economy – the trade group that released the report, insisted the investment is worth it.

“Once you kind of get over that initial increased price at the beginning, you can really see a lot of savings,” said Gallentine. “Because you’re just missing a lot of those parts with the internal combustion engine. Your maintenance and fuel costs are much less over the lifetime of the vehicle.”

Gallentine said the investment would also create almost 11 million jobs nationwide.


FREE DIGITAL SUBSCRIPTION: GET ONLY 'FEATURED' STORIES BY EMAIL

Big Tech is using a content filtering system for online censorship. Watch our short video about NewsGuard to learn how they control the narrative for the Lamestream Media and help keep you in the dark. NewsGuard works with Big-Tech to make it harder for you to find certain content they feel is 'missing context' or stories their editors deem "not in your best interest" - regardless of whether they are true and/or factually accurate. They also work with payment processors and ad-networks to cut off revenue streams to publications they rate poorly by their same bias standards. This should be criminal in America. You can bypass this third-world nonsense by signing up for featured stories by email and get the good stuff delivered right to your inbox.
 

In 2020, Florida workers accounted for more than 153,000 jobs in clean energy-related fields, and another 6% job growth is expected in the state this year.

According to the report, investment in electric transportation is vital if the U.S. wants to meet its climate goals. Gallentine added the funding would give states the opportunity to modernize their transportation systems, and address air-quality issues in communities.

“It’s going to be really important to look at advanced energy economy as a holistic solution,” said Gallentine. “And use any federal funding programs in a way that electrifies the transportation system as quickly as possible.”

In Miami-Dade and Broward counties, nearly a quarter of the population lives within 500 feet of a busy roadway, according to the Florida Health Department. The U.S. has a new emissions-reduction goal of 50% to 52% by 2030, and has pledged to reach net-zero emissions by 2050.

Comment via Facebook

Corrections: If you are aware of an inaccuracy or would like to report a correction, we would like to know about it. Please consider sending an email to corrections@publishedreporter.com and cite any sources if available. Thank you. (Policy)