Electric Drive Transportation Association
NEWS RELEASE
Contact: Jake Styacich, jstyacich@electricdrive.org, 202-408-0774 ext. 307


November 16, 2017

STATEMENT FROM GENEVIEVE CULLEN, PRESIDENT OF EDTA, ON HOUSE TAX REFORM LEGISLATION
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“EDTA is disappointed that HR 1, the tax reform legislation passed by the House today, includes repeal of the credit for plug-in vehicle purchases and we call on the Senate to continue to support this investment in innovation. With intense competition from China and other nations, it is critical that this vital incentive be retained to accelerate U.S. job growth and economic competitiveness in electric drive technologies. The global race for electric vehicles is at a key turn; this is not the time for the U.S. to surrender its lead.”

ABOUT EDTA:
The Electric Drive Transportation Association (EDTA) is the trade association promoting battery, hybrid, plug-in hybrid, and fuel cell electric drive technologies and infrastructure. EDTA conducts public policy advocacy, provides education and awareness, and enables industry networking and collaboration. Our membership includes vehicle and equipment manufacturers, energy companies, technology developers, component suppliers, government entities and others in the electric drive supply chain. For more, please visit www.electricdrive.org.

EDITOR'S NOTE:

Consumers purchasing plug-in electric drive vehicles qualify for a federal tax credit of between $2,500 to $7,500 based on the size of the vehicle battery. The credit was designed to promote a full-scale market with multiple competitors; it phases out on a per-manufacturer basis after the manufacturer reaches 200,000 sales. No manufacturer has reached that sales number yet. Removal of the tax credit prematurely would raise prices for consumers purchasing electric drive vehicles and likely slow growth of electric vehicles in the U.S. at a time when other countries are increasing incentives and investments in an electric transportation sector.