Automakers Commends Governor Larry Hogan over Backing of EVs Tax Credit Program
Washington, DC, May 4, 2017 – The Association of Global Automakers (Global Automakers) applauds the passage of the Maryland Clean Cars Act of 2017 that boosts the state investment in its’ electric vehicle (EV) excise tax credit program.
“Governor Hogan demonstrated his environmental leadership today by extending and increasing Maryland’s EV excise tax credit program and increasing charging station rebates,” said John Bozzella President and CEO for Global Automakers. “These types of state consumer incentive programs are proven tools to help build consumer demand for green cars.”
Consumers today have more vehicle choices than ever before, including more than 30 models of electric vehicles. These technologies include battery electric and plug-in hybrid electric vehicles.
Governor Larry Hogan said, “I am proud to sign our Clean Cars Act into law today. This important legislation increases the state’s investment in the electric vehicle tax credit program by 40 percent and doubles the charging station rebate to further incentivize Marylanders to take advantage of this innovative technology. We thank the legislature for working with our administration on these bipartisan efforts to protect our environment and grow clean energy investment and jobs.”
Maryland is one of 10 states that has adopted California’s Zero Emission Vehicle (ZEV) mandate under which automakers must sell an increasing percentage of ZEVs (i.e. battery-electric, plug-in hybrid-electric and fuel cell-electric vehicles) through the 2025 model year. In the last seven years, only 8,000 electric vehicles have been sold in Maryland. The state still needs to sell over 280,000 ZEVs to meet its 2025 mandate requirements.
“Growing the EV market is a shared responsibility,” said Bozzella. “Automakers continue to make huge investments in advanced technologies, and we need more states to follow Maryland’s lead and pass similar laws to help encourage car shoppers to consider EVs.”
The Association of Global Automakers, Inc. represents the U.S. operations of international motor vehicle manufacturers, original equipment suppliers, and other automotive-related trade associations. We work with industry leaders, legislators, and regulators to create the kind of public policy that improves vehicle safety, encourages technological innovation, and protects our planet. Our goal is to foster a competitive environment in which more vehicles are designed and built to enhance Americans’ quality of life. For more information, visit www.globalautomakers.org.