Alliance Welcomes Bipartisan Bill to Update Electric Vehicle Tax Credit
WASHINGTON – The Alliance to Save Energy released the following statement from President Jason Hartke in response to Sens. Lamar Alexander (R-Tenn.), Susan Collins (R-Maine), Gary Peters (D-Mich.), and Debbie Stabenow (D-Mich.), and Rep. Dan Kildee (D-Mich.) introducing a bill Wednesday to update and extend the federal electric vehicle tax credit.
“Electric vehicles are cleaner, cheaper to operate and maintain, and allow customers to fuel at home with domestic energy. Study after study has found that tax incentives are working to make them accessible to more Americans and encourage their sales. As we’re seeing in states like Tennessee, Michigan, Georgia, and California, the market growth is leading directly to investment in manufacturing and job creation.”
“But as the Commerce Secretary recently noted, it’s still not yet a mature market. Without congressional action, the current incentives are essentially expiring, and that’s likely to stunt the growth of electrical vehicles in the U.S. and damage our leadership in a rapidly growing auto sector.”
“These lawmakers have really stepped up to the plate here to ensure we don’t let the electric vehicle market stall and fall behind foreign competitors. This bill would go a long way to grow the electric vehicle market and make them affordable for more American families.”
“We’re really starting to see the emergence of an electric vehicle economy across the country. Congress needs to step up and pass an update of the electric vehicle tax credit to keep this economic success story going strong.”
Sens. Alexander and Collins serve on the Alliance’s Honorary Board of Advisors.
About the Alliance to Save Energy
Founded in 1977, the Alliance to Save Energy is a nonprofit, bipartisan alliance of business, government, environmental and consumer leaders working to expand the economy while using less energy. Our mission is to promote energy productivity worldwide – including through energy efficiency – to achieve a stronger economy, a cleaner environment and greater energy security, affordability and reliability.