The leading lobbying group for the U.S. auto industry is looking on policymakers to assist support the adoption of electrical vehicles through incentives, infrastructure investment and other regulatory means.
Without suggesting a price for such EV stimulus programs, the Alliance for Automotive Innovation said now’s the time for “substantial, long-term investments in electrification, also as advanced safety technologies,” consistent with a replacement report released Tuesday. It describes the industry as being “on the cusp of a transformative moment” regarding electric and autonomous vehicles.
Automakers have avoided seeking much government assistance during the coronavirus pandemic, largely thanks to the very fact that consumer demand for brand spanking new vehicles has been relatively resilient through the worldwide health crisis.
The report comes each day after the body voted to cement Joe Biden’s victory over incumbent President Donald Trump. Biden has voiced much more support for EVs also as infrastructure to support the vehicles than Trump.
For example, Biden has promised $400 billion public investment in clean energy, including battery technologies and electric vehicles. a part of Biden’s climate plan includes dedicating government spending to support electric vehicles, with 500,000 new electric vehicle charging outlets by the top of 2030. (The U.S. currently has but 29,000 public EV chargers, consistent with the U.S. Department of Energy.)
The alliance’s report outlines support for both companies also as consumers. Incentives for purchasing EVs also as infrastructure investment are supported by automakers for years.
The federal government currently offers up to $7,500 in tax credits for consumers who purchase an electrical plug-in vehicle. But each automaker can only sell out to 200,000 units until a wind-down period for the motivation is initiated. Only Tesla and General Motors have hit that threshold.
Suggested support for companies includes incentivizing investments in research and development also as manufacturing. The alliance also outlines modernizing regulations to support, not hinder, technologies which will enable self-driving vehicles.
The Alliance for Automotive Innovation represents auto manufacturers producing nearly 99% of cars and lightweight trucks sold within the U.S. Tesla isn’t included within the alliance, consistent with its website.