Alliance for Automotive Innovation President and CEO John Bozzella made the following statement regarding the House sending the Infrastructure Investment and Jobs Act to the President for his signature:
“We commend the bipartisan efforts that resulted in passage of the Infrastructure Investment and Jobs Act. Transportation infrastructure connects us all, and the bill includes important pieces to provide substantial economic and quality of life enhancements to communities across the country and to build for the future. Notably, the $7.5 billion included the bipartisan bill for electric vehicle charging is an important first step in jumpstarting public investment in a nationwide charging network. Realizing this and other fair and necessary conditions for a successful electric vehicle (EV) market will be critical to boosting EV sales from just over three percent of vehicle sales today, to achieving our shared goal of 40 to 50 percent EV penetration by the end of the decade.
“The auto industry is leading this transition, and by 2025 will have invested $330 billion in plug-in hybrid, battery and fuel cell EVs. Today’s passage of the bipartisan bill represents an important step toward a cleaner, safer, and smarter transportation future, and continued collaboration on a comprehensive strategy will be key to craft additional complementary policies.”