Printer Friendly

ELECTRIC VEHICLE INDUSTRY BILL BACKED BY UNCOMMON COALITION, APPROVED BY SENATE COMMITTEES

 BERKELEY, Calif., May 20 /PRNewswire/ -- A bill providing key incentives for California's developing electric vehicle industry and supported by a broad coalition of environmental and business interests, has cleared its first major hurdles by winning approval from the State Senate Revenue and Taxation Committee yesterday and the Transportation Committee in April. The Zero Emission Vehicle (ZEV) Development Incentive Program (SB 668), authored by Sen. Gary K. Hart, D-Santa Barbara, and sponsored by the Union of Concerned Scientists (UCS):
 -- Provides a sales tax exemption for electric vehicles;
 -- Establishes a program of tax credits for businesses that
 create jobs in electric vehicle technologies; and
 -- Funds the tax incentives with a $1.00 increase in vehicle
 registration fees by 1995.
 The ZEV Development Incentive Program represents a new awareness of the symbiotic relationship between economic and environmental policy in California. Because electric vehicles will play an important role in meeting the state's long-term air quality goals, electric utilities and vehicle manufacturers recognize the tremendous business opportunities at hand.
 One of the most serious hurdles to further EV development is consumer acceptance. Auto manufacturers believe the sales tax exemption in the bill is critical to building a market for these vehicles. The California Air Resources Board is requiring automakers to produce EVs for sale by 1998. The goal is for 10 percent of new car sales to be EVs by 2003. SB 668 provides the consumer incentives to make that program work.
 "Electric vehicles are an exciting technology that offers tremendous environmental and economic benefits to California," Hart told the Senate committee.
 Mike Gage, president of the business consortium CALSTART, testified, "This is a high-tech industry where California can apply its technological advantage in aerospace, electronics and other advanced fields."
 Hart's bill is supported by a unique coalition of environmental and business interests. The environmental groups in favor of SB 668 include UCS, the Natural Resources Defense Council, the Planning and Conservation League and the Sierra Club. Industry supporters include General Motors, Ford, Southern California Edison, San Diego Gas and Electric, the Sacramento Municipal Utility District and Pacific Gas and Electric. They are participating through CALSTART, a consortium of businesses based in Southern California working to develop advanced transportation industries. UCS, an independent non-profit organization dedicated to research and advocacy of sound transportation and energy policies, developed the legislation in cooperation with Hart.
 SB 668 will be considered by the Senate Appropriations Committee in June.
 -0- 5/20/93
 /CONTACT: Joe Caves, 916-558-1516, or Michelle Robinson, 510-843-1872, both for the Union of Concerned Scientists/


CO: Union of Concerned Scientists ST: California IN: AUT TRN SU: LEG

JL -- LA034 -- 0985 05/20/93 17:34 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 20, 1993
Words:441
Previous Article:TELEMUNDO WILL LAUNCH NEW NETWORK NEWSCAST
Next Article:TELEVISION ACADEMY APPROVES MAILING MEMBERS VIDEO AND AUDIO CASSETTES ENTERED IN PRIMETIME EMMY COMPETITION
Topics:


Related Articles
PR Newswire Photo Advisory, Tuesday, October 31, 2000; 6 p.m. EDT.
FEI Member Tapped For Fed Post.
New Board Governors Bies and Olson sworn in to office. (Announcements).
Swearing-in ceremony for Governors Bies and Olson. (Announcements).
Arrivals and departures shape Federal Reserve Board.
Corporations called on to help solve accounting problems.
Federal Lawmakers to Consider HEV Tax Credits.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters