WASHINGTON, D.C.—The Zero Emission Transportation Association’s Executive Director Albert Gore issued the following statement in response to the publication of the Foreign Entities of Concern rule by the Treasury Department today:
“Today’s Foreign Entities of Concern guidance for the Inflation Reduction Act’s New Clean Vehicle Tax Credit sets a strong standard that will fortify our supply chains and ensure the United States owns the transition to clean transportation. This proposal involves a rational approach to balancing the goal of onshoring mid-stream and upstream production with supporting the continued rapid growth in domestic battery and vehicle manufacturing already taking place.
“The past few years have seen record investment in the EV supply chain. Electric vehicle sales are skyrocketing, with well over a million sales expected in 2023. As investment in a national charging network continues to grow, and tax credits are making EVs more affordable than ever for individuals, Americans are reaping direct benefits of the electric vehicle industry. Today’s announcement supports those investments, ensuring that the most valuable parts of the supply chain are manufactured in the United States, creating good-paying American jobs and fortifying national security along the way.”
The Zero Emission Transportation Association (ZETA) is a federal coalition focused on advocating for 100% EV sales. ZETA is committed to enacting policies that drive EV adoption, create hundreds of thousands of jobs, secure American global EV manufacturing leadership, drastically improve public health, and significantly reduce carbon pollution.