Leading the EV Revolution to deliver for consumers, our economy, and environment
The electrification of transportation, from personal cars, to heavy-duty trucks, to school and public buses, holds the promise of helping to solve some of the Nation’s most pressing economic and environmental problems. For the first time in a generation, the transportation sector is now the leading source of greenhouse gas emissions, and accelerating deployment of zero emission vehicles will be critical in mitigating the worst impacts of climate change, in addition to reducing the local air pollution that leads to massive health impacts that disproportionately impact low-income and minority communities. Since EVs use homegrown electricity (which is getting greener and cheaper every year) our economy is relieved of its connection to volatile global oil markets, making EVs cheaper to own and maintain for American families while keeping our dollars at home.
Congress kick-started the EV industry in the U.S. with tax credits to help stimulate the market and drive down costs, and the industry has stepped up – making substantial investments in manufacturing and supporting infrastructure that have made the U.S. a global leader in EV technology. Now, as the rest of the world is working furiously to take the lead, the current tax structure needs to be reformed to keep up.