Preparing Your Airport for Electric Aircraft and Hydrogen Technologies (2022) / Chapter Skim
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Pages 39-45
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From page 39... ...
39 C H A P T E R 5 5.1 Economic Aspects and Policy Considerations The primary financial aspects associated with integrating electric aviation will be the cost of meeting new facility requirements imposed by electric aviation, the applicability of and impacts on federal funding sources, and the potential impacts on regional economies that could be brought about by electric aviation. Short-term impacts would stem primarily from readying airports to support electric aircraft operations and evaluating potential avenues for federal funding or state green grants during this time period.
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From page 40... ...
40 Preparing Your Airport for Electric Aircraft and Hydrogen Technologies A final potential cost to airports would be the installation of an on-site power generation such as a microgrid. Although not all airports would choose to take this path, many have decided that the added costs would be worth the increased operational resilience and reduced reliance on power grids.
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From page 41... ...
Economic Impact 41 e FAA's VALE Program was established to encourage airport sponsors to implement clean technology projects that improve air quality. While it is targeted primarily at commercial airports in areas that have not maintained National Ambient Air Quality Standards (NAAQS)
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From page 42... ...
42 Preparing Your Airport for Electric Aircraft and Hydrogen Technologies tax revenue in 2018. Reductions in fuel tax, while not significant at the beginning, could affect funding availability for some projects or lead to increases in passenger fees to compensate, which could adversely affect aviation ridership.
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From page 43... ...
Economic Impact 43 At many airports, FBOs rely heavily on the revenue stream of providing fuel for business, commercial, and general aviation. Due to the long-term nature of these impacts, airports and service providers should develop approaches to offsetting lost airport revenue and maintaining profitable relationships.
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From page 44... ...
44 Preparing Your Airport for Electric Aircraft and Hydrogen Technologies Figure 17. For regional airports, electric aircraft could increase net revenue through opening new routes.
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From page 45... ...
Economic Impact 45 downstream effects on the economy as money related to aviation cycles through the economy due to growth created by electric aircraft. According to the study, electric aircraft have the potential to significantly increase flight activity and encourage growth on and off airports that will support jobs and create business revenues as well for the state of Washington in the following ways: • Reduction in time and costs for people and goods to travel, particularly over short and congested routes, would aid in the creation of more business activities and jobs.
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