Sending Office: Honorable Jackie Speier
Endorsements: United Auto Workers (UAW), United Steelworkers, Sierra Club, League of Conservation Voters, Natural Resources Defense Council (NRDC), Blue Green Alliance, California League of Conservation Voters, Advanced Energy
Economy, Enel X North America, Third Way, Volta Charging
Please join me in cosponsoring the Affordable American-Made Automobile Act.
China’s decision to dominate the global electric vehicle industry poses an existential threat to the U.S. Automobile Industry, which currently employs more than 4 million Americans.
China currently sells half of the electric vehicles sold in the world; the U.S. sells slightly over 10%. China gets 50% of the global investment in this industry; the U.S. gets 10%. China controls about 75% of global battery capacity; the U.S. around 5%.
China has 17 electric vehicle manufacturers; the U.S. just 4.
The Pentagon has found that China’s control of these batteries poses a national security risk to military supply lines. Chinese entry into U.S. markets could cost hundreds of thousands of high-quality American manufacturing jobs.
The Affordable American-Made Automobile Act (AAAA) proposes a comprehensive strategy for our electric vehicle industry to achieve global leadership. The AAAA will make electric vehicles affordable to the middle-class where there are enough buyers
to push this industry to scale. The AAAA:
Increases the tax credit for new battery electric vehicles costing $35,000 or less from $7,500 to $15,000.
Adds a new tax credit of $5,000 for purchase of a used battery electric vehicle.
As more of our economy electrifies, batteries will play a much greater role in cars, buses, trucks, industrial purposes and even back-up for the electric grid. That industry is going through a period of rapid innovation. We need that innovation in the United
To qualify for the tax credit, the battery cell, the battery package, the battery management system and the battery cooling system would have to be manufactured in the U.S.
Charging infrastructure must accompany any increase in demand for electric vehicles.
The tax credit for charging infrastructure would be reinstated, but the $30,000 cap would be eliminated to allow multiple fast charging stations to be installed at office parks, multi-family housing, sports stadiums, airports and the like.
The capital demands of this transformation are enormous.
The AAAA authorizes $15 billion in private activity bonds to retool assembly lines and construct new manufacturing facilities for batteries and vehicles.
The deadline for original cosponsors is COB Wednesday, December 11. For more information or to cosponsor this legislation, please contact
Emily.Small@mail.house.gov with Rep. Jackie Speier.
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