California Leading Nation In Zero-Emission Vehicle Exports
17 Feb 2021
The Governor’s Office of Business and Economic Development (GO-Biz) this past week announced that in 2020, zero-emission vehicles became the single largest export from the largest economic engine in the Unites States: California.
“When it comes to addressing climate change, California has been leading for decades, and clean cars and trucks are just the latest example,” said Governor Gavin Newsom. “Now with more than 500,000 advanced-energy jobs, including those focused on manufacturing zero-emission cars, buses and trucks, California is proof positive that cutting edge policies are also good for the economy.”
Building on California’s historic commitment requiring sales of all new passenger vehicles to be zero-emission by 2035, Governor Newsom’s 2021-22 Proposed State Budget includes a $1.5 billion investment to achieve the state’s zero-emission vehicle goals, including securitizing up to $1 billion to accelerate the pace and scale of the infrastructure needed to support zero-emission vehicles. The Budget proposal will leverage additional private sector capital to build the necessary infrastructure while also creating jobs that will in turn support California’s recovery.