Electric Cars - Pros and Cons, Part 2

Continuing the discussion from Part 1, this episode further explores the complexities surrounding electric vehicles (EVs). Dr. Beia Spiller, Director of the Transportation Program at Resources for the Future, and Dr. David Rapson, Economic Policy Advisor for the Federal Reserve and Professor of Economics at UC Davis, delve into the effects of subsidies and mandates. While subsidies have boosted EV popularity, they predominantly benefit wealthier individuals, possibly leading to unintended consequences. The conversation also covers the need for more affordable EVs, even at the expense of lower range, to enhance accessibility for a broader audience.