The leading lobbying group for the US auto industry is calling on policymakers to support the adoption of electric vehicles through incentives, infrastructure investments and other regulatory means.
Now is the time to make "substantial, long-term investments in electrification and advanced safety technologies" without proposing any cost for such EV stimulus programs, according to a new report released Tuesday. It describes the industry as "approaching a transformative moment" in terms of electric and autonomous vehicles.
Automakers failed to draw much government support during the coronavirus pandemic, largely due to the fact that consumer demand for new vehicles has been relatively resilient during the global health crisis.
The report comes a day after the electoral college voted on Monday to cement Joe Biden's victory over incumbent President Donald Trump. Biden has voiced far more support for electric vehicles and infrastructure to support the vehicles than Trump.
For example, Biden has pledged $ 400 billion in public investment in clean energy, including battery technologies and electric vehicles. Part of Biden's climate plan is to provide government spending to support electric vehicles with 500,000 new electric vehicle charging points by the end of 2030. (There are currently fewer than 29,000 public electric vehicle chargers in the US, according to the Department of Energy.)
The Alliance's report outlines the support for both businesses and consumers. Incentives to buy electric vehicles and to invest in infrastructure have been supported by automakers for years.
The federal government is currently offering tax credits of up to $ 7,500 for consumers who purchase a plug-in electric vehicle. However, each automaker can only sell up to 200,000 units until a settlement phase is initiated for the incentive. Only Tesla and General Motors have reached this threshold.
The proposed support for businesses includes incentives to invest in research and development as well as manufacturing. The alliance also outlines the modernization of regulations to support technologies that enable, rather than impede, self-driving vehicles.
The Alliance for Automotive Innovation represents automakers who produce nearly 99% of the cars and light trucks sold in the United States. Tesla is not part of the alliance, according to its website.