Zero Emission Transportation Association (ZETA) members ABB and Arrival joined U.S. Department of Energy Secretary Jennifer Granholm and other clean energy business leaders for a roundtable discussion explaining the economic impact of the clean energy industry. These leaders highlighted the importance of passing President Biden’s clean energy agenda, which includes tax incentives that will accelerate the deployment of passenger electric vehicles, medium- and heavy-duty electric vehicles, and electric vehicle charging infrastructure.
“This clean energy movement is a triple win: It’s for our energy security, it’s for costs for real people, and it’s certainly for our economy because it is a $23 trillion market by 2030,” said Secretary Jennifer Granholm. “No country has ever been able to weaponize clean power, and ultimately moving in that direction is the greatest solution for us and our allies.”
“Today’s clean energy leaders roundtable proves once again that clean energy equals jobs,” said Joe Britton, ZETA’s Executive Director. “In the electric vehicle industry, we can create two million good-paying American jobs, depending on how much the federal government invests in accelerating the adoption of EVs. EVs drive dramatic cost savings for consumers, too—throughout much of the country, EV drivers pay 5 times less per mile than gas-powered vehicle drivers pay,” continued Britton. “Over the lifetimes of their vehicles, EV drivers save thousands of dollars that can instead go to food, childcare, rent, or retirement. That’s why the federal government must pass President Biden’s clean energy plan to make EVs accessible to all Americans.”
“ABB is a global electrification and automation technology provider, with nearly 20,000 employees in the US across 40 major facilities,” said Asaf Nagler, ABB’s Vice President of External Affairs. “We know that the e-mobility economy drives economic growth in two ways: it lowers the cost of transportation for consumers and it creates an entirely new ecosystem of jobs dedicated to EV charging including hardware and software development, installation, and maintenance.The Bipartisan Infrastructure Law lays the foundation for the growth of the e-mobility economy, but there is more work to be done to ensure that the benefits reach all sectors and all Americans.”
“There is an urgent need to electrify cities to reduce global emissions,” said Clarence Tong, Arrival’s Head of Federal Affairs & Policy. “Arrival is rising to this urgent need, especially as gas prices continue to rise. Arrival’s Generation 2 Electric Vehicles surpass traditional vehicles in cost, design, and efficiency with 50% operational cost savings for fleet owners. What we need now are to get more of these vehicles on the roads to achieve our climate commitments and to create cost savings for all Americans. President Biden’s clean energy plan agenda does that by driving down the sticker price of heavier vehicles like transit buses and delivery vans by giving fleet operators a refund of up to 30% of the vehicle’s purchase cost. Congress must pass his clean energy agenda as quickly as possible.”
Earlier this week, ZETA published a report that compares the cost of operating electric vehicles and gas-powered vehicles. The report shows that EVs are 3–5 times cheaper to drive per mile than gas-powered vehicles, and in several states, EVs are nearly 6 times cheaper to drive. This corroborates a new Consumer Reports analysis that EVs can save drivers up to $2,600 per year in operating and maintenance costs.