Coalition Wants Congress to Fund $150 Billion to Accelerate Electrification of Transportation

Recently, the Transportation Electrification Partnership (TEP), led by the Los Angeles Cleantech Incubator (LACI), asked Congress for $150 billion in the next COVID-19 stimulus bill including an expansion of the $7,500 EV tax credit and creating a “scrap and replace” federal government program similar for motorists to replace the internal combustion engine (ICE) for EVs.

TEP was founded in 2018 by automakers (Audi, BMW, Tesla) and other stakeholders to “accelerate transportation electrification and zero emissions goods movement.”

PMAA believes the government should be focused on providing financial relief to Americans who need it most during this pandemic and not on wasteful tax policy that would benefit only wealthy consumers who have predominately taken advantage of the EV tax credit since inception.

Click Here to write Congress in opposition to the EV tax credit expansion.

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