Reports see huge EV shift, looming fossil ‘stranded assets’

New reports are projecting massive shifts to lower-carbon technologies in the electricity and transportation sectors, including the possibility of major “stranded assets” at fossil fuel-fired power plants as zero-emitting resources ramp up and a steadily declining share of conventional, gasoline-powered passenger vehicles. Such findings underscore the Biden administration’s climate change agenda. President Joe Biden last week issued an executive order setting a target for 50 percent of all new sales in 2030 to come from electric vehicles (EVs), plug-ins or...