The American electric vehicle (EV) sector is growing and domestic automakers are rapidly adding new models to the 50+ currently available. Consumers, manufacturers, and investors alike have good reason to be confident in this technology.
Securing federal support is key to maintaining this momentum and cultivating an advanced vehicle sector ready to create hundreds of thousands of jobs. With North American and global headquarters in Libertyville, Illinois and the Netherlands respectively, EVBox Group is in a prime position to leverage the EV deployment experience led by the European Union and its EV-friendly policies (e.g. charging infrastructure investments, consumer incentives, free parking and reduced tolls), many of which have been in place for years.
Forward-thinking policies helped accelerate European EV sales and put more than half a million EVs on the road. In Germany, sales increased three-fold, and in Norway, over 70 percent of all cars sold were electric – as Will Ferrell recently reminded us in General Motors’ well-received Super Bowl ad. ZETA is setting an ambitious goal of achieving all-electric U.S. new car sales by 2030 – and we’ve seen that it can be done.
Policymakers don’t have to look far for examples. In the U.S., state-level policy innovation provides ample inspiration. California, New York, Massachusetts, and Colorado have invested in EV charging infrastructure through direct investment and utility programs. California and Massachusetts have gone further by requiring all-electric new car sales after 2035.
ZETA has offered U.S. federal policymakers a comprehensive Roadmap to 2030 Policy Platform to accelerate consumer EV growth. Expanding federal tax credits will further incentivize consumers and unleash adoption that is currently hampered by an artificial purchase limit imposed on American automakers. A tax credit for previously owned EVs will grow the secondary market and create avenues for individuals across all income levels to access the financial, public health, and user benefits of EV ownership. And by expanding federal charging infrastructure investments, we can further ensure that EVs are meeting every community’s needs.
We have confidence that 2021 will be a pivotal year for the American electric vehicle, and we are proud to be at the forefront of this transportation revolution. The right policies, adopted at the federal level, will propel this transformation forward and prepare American legislators to champion the domestic EV industry. The markets are excited for change, buyers are eager, and the political commitment to move this sector forward has never been stronger. It’s time to make an electrified transportation sector a reality.