Investor Presentaiton

Example Strategy Economic The recent decline in prices for light-duty EVs suggests that the costs of zero emission MHDVS could follow a similar trajectory. Recent research has suggested that zero emission MHDVS could reach cost parity with conventional MHDVS within a decade or so. As with light-duty EVs, zero emission MHDVS will cost less to fuel and maintain than conventional MHDVS. Reduced air pollution will reduce associated medical expenses. Finally, while new jobs will be created for installing, operating, and maintaining charging and fueling infrastructure for zero emission MHDVs, the reduced maintenance requirements for these vehicles may result in a loss of jobs in conventional vehicle maintenance and fueling. Social and Health RELATED FUNDING OPPORTUNITIES National Electric Vehicle Infrastructure Program Pennsylvania has received $171.5 million from IIJA funds over 5 years to deploy EV charging stations needed to support the transition to battery electric MDHVs. As discussed in T1-3, reducing local criteria air pollutants by eliminating vehicle tailpipe criteria pollutant emissions will reduce health issues associated with these pollutants, especially in communities located near highways or major roadways. As discussed in T3, however, additional electricity generation may increase criteria air pollution in communities near fossil fuel plants, but this risk can be mitigated as fossil fuel electricity generation is phased out and replaced with renewables. Also as discussed in T3, electric MHDVS can help stabilize the electric grid by providing a form of electricity storage. This can help balance the grid in times of high electricity demand and reduce curtailment of renewable generation. Implementation Considerations [To be included in the Updated Draft CAP (1/31)] Implementation considerations will be added to the next iteration of the report. 8 Catherine Ledna et al., "Decarbonizing Medium- & Heavy-Duty On-Road Vehicles: Zero-Emission Vehicles Cost Analysis," March 7, 2022, https://doi.org/10.2172/1854583. 26 Confidential and Proprietary Greenhouse Gas Reduction Opportunities 62 20 راد ICF

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