Earlier this year California passed a mandate to phase out the sale of gas powered vehicles by 2035. With President-Elect Joe Biden winning the election it’s no surprise of the timing that these 28 companies joined forces to help drive legislation to ban the sale of gas powered vehicles by 2030.
The Zero Emission Transportation Association (Zeta) backs up the hope that the next decade will be transformational towards switching to a fully electric and green electric grid.
Why does this matter?
- The 5 key focuses, as reported by Electrek, will drive significant federal incentives and investment into US manufacturing efforts for EVs
- We should see a significant uptick in sales across the EV sector starting with companies electrifying their entire fleets by 2030
- Expecting aggressive emissions standards is a likely outcome of this groups efforts in the coming years
- Heavy federal incentives to drive consumers to purchase electric will likely help drive vehicle charging infrastructure growth
What’s next?
- Though the founding team is 28 companies ranging from utilities to car manufacturers like Tesla and Rivian we expect this groups size to grow as more pressure is put on legislators to pass EV favorable laws
- Within the early years we expect to see a significant uptick in emissions standards being heavily increased – resulting in automakers having to switch likely to a fully hybrid offering if not fully electric
- If federally manufacturers aren’t offered subsidies for R&D, it is highly likely we will see a number of brands of automakers file for bankruptcy or shut doors entirely
Thoughts
This is a huge win for the environment, but will likely require heavy analysis by legislators to see how they can support a healthy transition of workers via re-skilling to EV manufacturing plants. If executed properly this will likely bring a major uptick in sustainable job opportunities to many Americans that have depended on the oil and gas industry to support their families.
Zeta has a number of powerhouse companies with significant capital backing – this group should be successful in pushing for its big goal of a ban on gas powered vehicles by 2030.
About The Author
Swarnav has over 10 years of experience in the energy & climate tech space, holds 2 patents and is active in the tech, climate and media industries. He specializes in Product/Product Innovation as well as Go-To-Market and Growth Strategy.
By training he’s a Materials Engineer with a background in research from his time at Georgia Tech and University of Illinois (UIUC).
He founded TouchLight a utility backed energy company focused on developing IP for utilities and startups pushing electrification forward. He also serves as the appointed Chairman for the Town of Yorktown’s Climate Smart Communities Task Force, where he helps with drafting legislation and enabling sustainability efforts within the town.
Concurrently, Swarnav founded The Impact to help investors, emerging founders and driven climate enthusiasts discover and identify new climate-tech startups, technologies and opportunities before they hit the traditional media sources.