America’s green-energy goals recently became clearer after President Joseph Biden announced a new national target for electric vehicles (“EVs”) that would require one-half of U.S. vehicle sales to be electric by 2030. It is part of the Biden administration’s efforts to cut down the country’s reliance on fossil fuels and reduce greenhouse-gas emissions by replacing conventional internal combustion engines (“ICE”) with zero-emission electric vehicles. With the effects of climate change becoming increasingly clear across the country, eliminating carbon emissions is becoming a matter of life and death.
The draw is that while nearly 40% of Americans say they would seriously consider going electric the next time they purchase a vehicle, EVs are too expensive for most car owners. Some cities and municipalities have taken to offering incentives and rebates to subsidize the high purchase costs, but a New York borough has gone a different way. The Bronx, specifically East Bronx, recently launched a pilot-sharing program that would see residents…
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