California’s Low Carbon Fuel Standard (LCFS), a state policy that supports clean transportation fuels, generated $92 million to support transportation electrification in 2016.
This support helps make electric vehicles more affordable for drivers, transit agencies, and private businesses.
As the EV market matures and more electricity is generated from renewable resources, the positive impact of the LCFS will also grow. The LCFS will continue to accelerate EV adoption, and therefore help California meet carbon emission goals. But to tap the program’s full potential, the state should extend it through 2030, and refine it to further accelerate EV deployment.