Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Expand chart
Reproduced from Rhodium Group; Chart: Axios Visuals

Wringing carbon emissions out of transportation isn't easy, but new analysis sees a cost-effective path to major reductions over the next decade.

Why it matters: Combined emissions from cars, trucks and other transport segments overtook electric power as the nation's biggest CO2 source several years ago.

How it works: The Rhodium Group modeled proposed policies to speed the uptake of electric vehicles and boost efficiency, including...

  • Lifting the per-manufacturer cap on $7,500 consumer tax credits for buying EVs.
  • Major grants for public charging installations.
  • 10% investment tax credits for electric medium- and heavy-duty vehicle buys and waiver of federal excise taxes for big trucks.
  • Grants for school districts to go electric with their buses.
  • On the regulatory front, aggressive CO2 emissions standards.

The big picture: Extending the current incentives and charging build-out can push electric passenger vehicles from 2% of 2020 sales to 52% in 2031, the report concludes.

  • And check out the chart above, which adds tough standards and incentives for trucks and buses and so forth.
  • It all adds up to significant emissions cuts, but it's still very far from total decarbonization because vehicle fleets take a long time to turn over.

What we're watching: The analysis arrives as the White House and Congress are negotiating over infrastructure plans.

Go deeper

John Frank, author of Denver
May 12, 2021 - Axios Denver

Colorado pushes tax overhaul to make wealthy pay more

Illustration: Brendan Lynch/Axios

Gov. Jared Polis and Democratic lawmakers are pushing a new bill designed to modernize the tax code by providing relief to those who need it and increasing taxes on the wealthy.

  • The two-bill package would generate more than $100 million in additional annual revenue for the state once fully implemented, according to early estimates from advocates.
2 hours ago - Health

Novavax says COVID-19 vaccine was 90% effective in Phase 3 trial

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Novavax, a Maryland biotechnology company, announced Monday that its COVID-19 vaccine was 90.4% effective in its Phase 3 trial, including against coronavirus variants.

Why it matters: The study of 29,960 participants in the U.S. and Mexico found the shot was safe and highly effective, paving the way for the FDA to clear a 4th vaccine for emergency use by the end of the year.