La Kretz Innovation Campus
525 S Hewitt Street, Los Angeles, California 90013
As a leader in environmental initiatives, California has been able to incentivize the adoption electric vehicles (EVs) through rebates and other operational incentives, but there is still a gap in the adoption rates of these vehicles in disadvantaged communities. This specific subset of the population is disproportionately exposed to pollution and is often excluded from the new car market because of the financial commitment. The Milken Institute convened a Financial Innovations Lab in April to workshop solutions that can help make EVs more accessible to disadvantaged communities. The report synthesizes the discussion and outcomes of the session, explores the barriers that exist, whether financial or awareness and identifies solutions and next steps for greater community adoption. Please click here for the full report.
The launch session will bring together representatives from the investment community, local government, community leaders and industry experts to discuss the actionable next steps necessary to implement the financial models discussed in the report.
2:00-2:30 p.m. – Registration
2:30-3:00 p.m. – Introductory Remarks and Summary Presentation of Financial Innovations Lab Report: Financing Models to Expand Access to Electric Vehicles in California
3:00-4:00 p.m. – Panel Discussion: Actionable Next Steps for Successful Implementation of Solutions
4:00-4:30 p.m. – Q&A and Concluding Remarks
About Financial Innovations Labs
This event is one component of a series of Financial Innovations Labs. This Milken Institute research tool brings together researchers and policymakers with business, finance and professional practitioners to create market-based solutions to business and public policy challenges. The findings of these interactive Labs are publicly distributed. Previous topics have included residential energy-efficiency, small-business financing, archaeological discovery and conservation, and biomedical research and development. (Click here for samples of reports from previous Labs.)