Tougher Clean Car standards boost Colo. economy long-term: Analysis of CO Clean Vehicle scenarios

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With the backdrop of Gov. Hickenlooper's recent announcement that Colorado will be joining 13 other states in adopting the tougher, California-style low emissions standards for vehicles, E2 just released a new macroeconomic analysis of clean vehicle scenarios for Colorado. 

The study - available here (https://www.e2.org/macroeconomic-analysis-of-clean-vehicle-scenarios-for-colorado/) - analyzed the impacts of a scenario in which Colo. enacts more aggressive GHG emission standards and pursues increased EV penetration while federal standards remain constant at 2020 levels. The analysis found that these actions by Colorado would result in "small but positive long-term macroeconomic impacts in Colorado" and estimates the annual increase of ~$72 million in GDP and 1,700 jobs.

A blog on the report and it's findings by our Rocky Mountains Advocate, Susan Nedell, is also available here (https://medium.com/e2org/advanced-clean-cars-standards-results-in-economic-growth-for-colorado-2e4027e0c5)  for additional insight. While these impacts are small in the context of the nearly $350 billion total Colorado economy, the net positive impacts of cleaner vehicles are expected to grow over time as fuel savings accumulate and EVs become cheaper - especially considering a potential growing clean vehicle job market. According to E2’s recently released Clean Jobs Colorado (https://e2.us13.list-manage.com/track/click?u=3bb4bbdf3c8c18bd7ef55a93a&id=d133da8322&e=d8cb4f908e) report, 2,700 Coloradans currently work in the advanced vehicles industry

For Additional background:

E2 Blog: Advanced Clean Cars Standards Results in Economic Growth for Colorado (https://medium.com/e2org/advanced-clean-cars-standards-results-in-economic-growth-for-colorado-2e4027e0c5)

E2 Statement on Gov. Hickenlooper's Clean Car Announcement (https://www.e2.org/press-releases/hickenlooper-clean-cars-decision-good-for-environment-economy/)

E2 Clean Jobs Colorado Report (https://www.e2.org/cleanjobsco) (June 2018)

E2 Clean Jobs America report (https://www.e2.org/cleanjobsamerica) (May 2018)