Keeping the U.S. in the lead in the global Electric Vehicle (EV) Race 

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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.

If Congress doesn’t reform the EV purchase tax credit the US market could falter

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UNCertain MARKET INCENTIVES

If the U.S. is going to continue to be a global leader in EVs, policymakers need to reform the current tax credit purchase incentive. The original tax credit has been a successful first step in incentivizing several U.S. manufacturers to make investments and become first movers in bringing a variety of vehicles to market. As EVs become increasingly affordable and manufacturers are continuing to bring more models to market, the unusual structure of the incentive will mean those that have moved the fastest to meet consumer demand will now suffer a disincentive to continue.

The EV Drive Coalition is made up of supporters of EVs and a reformed EV tax credit. Together we are working to ensure a flourishing, global-leading U.S. EV market. 

 

 

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Opinion: Congress must reform federal electric vehicle tax credit

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In Case You Missed It – Electric Vehicles on the Rise in U.S.

“Electric Transportation is a win for our nation, helping to meet customer needs, providing environmental benefits, and supporting America’s energy security.”

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Statement by Trevor Francis, EV Drive Coalition

27 November 2018

The federal consumer EV tax credit helped catalyze the EV market, boosting the manufacturing economy while increasing consumer demand and growing the deployment of an efficient alternative to traditional automobiles that helps to reduce greenhouse emissions while providing energy independence.

The current EV tax credit, which goes directly to consumers, creates an uneven playing field by establishing a cap on the number of consumers who can use the tax credit based on which manufacturer made the car. The U.S. EV market is at a critical crossroads as manufacturers begin to hit that cap; the EV tax credit should be reformed so all EV purchasers continue to receive the benefit of EV tax credits.

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