Electric vehicle costs and consumer benefits in Colorado in the 2020–2030 time frame

In adopting zero-emission vehicle (ZEV) regulations, questions remain regarding how quickly electric vehicle costs are declining and the magnitude of consumer benefits compared to conventional vehicles. This paper analyzes these two questions in the context of Colorado’s potential adoption of a ZEV regulation. The paper analyzes electric vehicle prices and consumer benefits for the Colorado light-duty vehicle market from 2023 through 2030.