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A new study lead by a professor at the University of Toronto claims that converting all cars and SUVs in the Greater Toronto Area into EVs would cause 313 fewer deaths per year, an estimated social benefit of $2.4 billion.
The researchers then created computer simulations for three scenarios, replacing 20%, 50%, or 100% of all cars and SUVs in the GTHA to EV. They also modeled the effect of switching transit buses to electric buses. The economic or societal benefits were converted to dollar figures using a method called Value of Statistical Life.
Here are the high-level findings:
New study: Every electric car brings $10,000 in life-saving benefits - Electrek
The researchers then created computer simulations for three scenarios, replacing 20%, 50%, or 100% of all cars and SUVs in the GTHA to EV. They also modeled the effect of switching transit buses to electric buses. The economic or societal benefits were converted to dollar figures using a method called Value of Statistical Life.
Here are the high-level findings:
- Converting all cars and SUVs in the area into electric vehicles would cause 313 fewer deaths per year, an estimated social benefit of $2.4 billion
- Converting all transport trucks to more efficient models would cause 275 fewer deaths, an estimated social benefit of $2.1 billion
- Converting all transit systems to electric buses would cause 143 fewer deaths, an estimated social benefit of $1.1 billion
New study: Every electric car brings $10,000 in life-saving benefits - Electrek