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


November 9, 2017

STATEMENT FROM GENEVIEVE CULLEN, PRESIDENT OF EDTA, URGING THE SENATE TO RESTORE TAX CREDIT FOR ELECTRIC VEHICLES
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“EDTA is encouraged about the bipartisan support that has been demonstrated in both the House and Senate for the plug-in vehicle credit. While HR 1 continues to include premature termination of the credit, we applaud the Senate Finance Committee’s reported decision to leave in place the tax credit for the purchase of plug-in electric vehicles. This is a win for continued U.S. innovation and market leadership in electric drive technology at a time of intense global competition from China and other nations. The plug-in credit creates jobs throughout the U.S. supply chain while helping consumers save energy dollars. While we are disappointed that the House bill continues to include a repeal of this vital incentive, we appreciate the efforts of Members on both sides of the aisle and both sides of the Capitol who recognize its importance and worked to preserve it. We look forward to working with Members of both the House and Senate to ensure that the final bill preserves the plug-in credit.”

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.