Colorado Implements Zero Emission Vehicle Policy
2019-01-28 17:02 Monday
Following California's trend-setting policies for zero emission vehicles, Colorado has promulgated new policies of its own that aim to incentivize the purchasing and production of green vehicles.
Jared Polis, governor of Colorado, has signed an executive order to support Colorado's transition to zero-emission vehicles. "Our goal is to reach 100 percent renewable electricity by 2040 and embrace the green energy transition already underway economy-wide," Polis said. "Today's executive order will strengthen our economy and protect the wallets of consumers across the state. As we continue to move towards a cleaner electric grid, the public health and environmental benefits of widespread transportation electrification will only increase."
Polis has asked Colorado's Department of Public Health and Environment to formulate a concrete plan ready by May. Colorado would become the 11th state to implement such a plan, which requires automakers to achieve certain sales targets for ZEVs.
The executive order also mentions that based on work from a consulting firm, transitioning to EVs by 2050 on a large scale could save billions of dollars in lower vehicle operating costs, health savings and reduced electricity bills.
Colorado has taken steps toward the transition to electrified transportation for passenger cars and heavy-duty vehicles, such as buses. The state offers a $5,000 tax credit for passenger electric vehicles and partners with the private sector to build fast charging stations along Colorado's major highways. Furthermore, the state has allocated a portion of Volkswagen settlement funds to support vehicle electrification, and has adopted a goal of 940,000 EVs on the road by 2030.