Thought Leadership

EV Incentives Built on Data

 
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EV Incentives Built on Insights from Caret

EV incentives analysis in Senate plan is built on data to speed EV adoption, reduce emissions

Statement from Lawrence Goldenhersh, President, Center for Sustainable Energy (CSE)

SAN DIEGO (August 25, 2021) – The Center for Sustainable Energy (CSE) is honored that our patent-pending Caret™ forecasting platform was one of the tools used to inform the design and analysis of the electric vehicle (EV) incentive package highlighted today by Senator Schumer’s office.

The Caret platform uses data from 17 EV incentive programs around the world and behavioral economics to forecast the impact incentives will have on EV adoption, greenhouse gas reduction, fuel savings, equitable access to clean transportation, improved air quality, job growth and other important metrics.

We applaud the data-driven approach that underlies the design of this critically important step forward in our effort to successfully overcome the risk climate change poses to our nation and our planet.

About the Center for Sustainable Energy®
The Center for Sustainable Energy (CSE) is an independent nonprofit that designs and manages scaled clean transportation and distributed energy market transformation incentive programs across the U.S. for state and local governments, utilities and the private sector. CSE manages transportation incentive programs with more than $1 billion in combined program value. Through its work, CSE has interacted with almost 30% of all new EV car buyers in the U.S. CSE’s patent-pending software platform, Caret™, empowers decision-makers to design and optimize electric vehicle incentive programs that will encourage EV adoption and reduce greenhouse gas emissions at the lowest cost and in the shortest time. Learn more at EnergyCenter.org.

About Caret™
CSE’s patent-pending platform, Caret, empowers decision-makers to design and optimize electric vehicle incentive programs that will encourage EV adoption and reduce greenhouse gas emissions. Caret pulls from relevant data sets around the world and uses a mathematical framework grounded in the science of diffusion of innovation to account for social barriers that EV buyers face beyond price. The Caret forecasting platform shows the impact of stacking federal, state and local incentives and shows the models of new and used EVs that are affordable to households at different income levels under various incentive scenarios. Learn more at EnergyCenter.org/software/caret

Contact: Laura Rehrmann, Center for Sustainable Energy