The EV Drive Coalition, a group with a focused goal to reform the federal electric vehicle (EV) tax credit, recently announced its official launch.
The EV Drive Coalition brings together a diverse group of industry, consumer and environmental stakeholders with a single unifying mission: encourage passage of legislation reforming the federal EV tax credit to ensure that it works better for more consumers for a longer time frame and spurs increased growth of the U.S. EV market.
The original EV tax credit, which goes directly to consumers, catalyzed the market, increased consumer awareness and grew a nascent industry, the coalition says. To promote continued market growth and stabilization, members of the EV Drive Coalition are advocating for reform to lift the current cap on the number of consumers who can take advantage of the credit through each manufacturer.
“Arbitrary constraints with the federal credit limit consumer options and make it harder for consumers to purchase the cars they want,” explains Joel Levin, executive director of Plug In America. “Lifting the cap would create a more level playing field for all manufacturers, giving consumers the freedom to decide which car they want in a free and fair market. Increased competition spurs more American innovation and technology.”
“A federal tax credit to help make electric vehicles more affordable for all consumers is integral to reaching a zero-emissions future and establishing the U.S. as the leader in electrification,” adds Dan Turton, vice president of public policy at General Motors North America. “We feel that the tax credit should be modified so all customers continue to receive the full benefit going forward.”