Automotive News - May 6, 2019 - Retail - 14

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EDITORIAL
313-446-0463
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Detroit, MI 48207-2997

Joe Verde
$ 1,000,000
- $ 250,000
$ 750,000
Math: 8 out of 10 people on
the lot are buyers, but dealers only deliver 20%. That
costs a 100 unit dealership
$750,000 every month.
How? Easy ... 500 people
come on the lot, 100 are delivered and 300 buyers leave
without buying.
At $2,500 PVR, missing
those 300 buyers every
month sends $750,000 down
the street to a competitor.
Why? Because 8 car guys do
all they can with the skills
they have. When you want
more of that $1M, let us
teach them more skills.
Note: Our training costs
way less than $750K. Train
now and ensure your success
this year.

JoeVerde.com/grow
Call Now ... (888) 277-9069

People on the Move
Showcase your job changes!

autonews.com/people

Keith E. Crain
Editor-in-Chief
KC Crain
Group Publisher
Jason Stein
Publisher
AUTOMOTIVE NEWS ILLUSTRATION

OPINION
Automotive News encourages industry leaders to address our readers directly.
To submit an opinion piece, email it to AutomotiveViews@autonews.com.

Extending EV tax credits good
for environment and America

A

Sen. Debbie Stabenow
mericans have always
been innovators - just
take a look at our auto
industry. From Henry
Ford's horseless carriage to today's
autonomous vehicles, we don't
wait to see where the road takes
us. Instead, we pave our own.
That's why last month I
introduced bipartisan legislation
with Sens. Lamar Alexander, Gary
Peters and Susan Collins and Rep.
Dan Kildee to keep the United
States at the forefront of cleanvehicle technology.
By extending the tax credit for
the purchase of electric and fuel
cell vehicles, the Driving America
Forward Act will help create good
American jobs. It will help ensure
that the United States is the global
leader in advanced transportation
technologies. And it will reduce
carbon pollution and in the

Sen. Debbie
Stabenow,
D-Mich., is
a member
of the
Committee
on Energy
and Natural
Resources.

process combat climate change.
Here's how it works: Under current
law, car buyers can receive a tax
credit of up to $7,500 if they
purchase an eligible electric vehicle.
However, the tax credits begin to
phase out once automakers sell
more than 200,000 units.
The Driving America Forward Act
maintains the $7,500 tax credit for
the first 200,000 car buyers. It then

allows buyers of an additional
400,000 vehicles per manufacturer
to be eligible for a $7,000 tax credit.
Consumers can receive the full value
of a $7,000 credit through the
calendar quarter after the 600,000th
vehicle is sold. The act also extends
the hydrogen fuel cell credit through
2028.
Extending this credit is important
because two automakers - General
Motors and Tesla Inc. - have
already hit the 200,000-unit cap.
Meanwhile, demand for electric cars
keeps growing, and by extending
this tax credit, we will keep the
momentum going.
That's good news for American
workers. GM, Ford and FCA US are
all investing in electric vehicle
factories in Michigan. Tesla is
building batteries near Reno, Nev.,
and Mercedes-Benz will soon be
doing the same in Tuscaloosa, Ala.
Now is not the time to take our foot
off the accelerator. China is rapidly
expanding battery and vehicle
production. In fact, it built almost
twice as many electric vehicles as we
did between 2010 and 2017.
Maintaining this important tax
incentive is a step we can take to
ensure that the United States
remains a leader in producing the
next generation of advanced
vehicles.
Supporting the development of
electric and hydrogen fuel cell
vehicles is also an important way to
combat climate change. The
transportation sector is the largest
source of emissions in the United
States. Yet by replacing just one
gasoline-powered car with an
electric one, we can keep 3.3 fewer
tons of CO2 out of the air and burn
480 fewer gallons of gasoline every
year, cutting air pollution by up to 70
percent.
Imagine the difference hundreds
of thousands of green vehicles
would make! That's why more than
60 groups as diverse as the Alliance
of Automobile Manufacturers, the
American Lung Association and The
Nature Conservancy support our
legislation.
When we face issues as large and
complex as global climate change, it
would be easy to focus on the
challenges rather than the
opportunities. But that's just not
who we are.
Instead, let's be innovators. Let's
create good American jobs, keep our
nation at the forefront of technology
and give car buyers more choices
that help both people and our
planet.

DETROIT
Dave Versical, Chief of Editorial Operations
Jamie Butters
Chief Content Officer
Mary Beth Vander Schaaf
Managing Editor
NEWS EDITORS: Nick Bunkley,
Leslie J. Allen, Omari Gardner
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REPORTERS: Pete Bigelow,
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Director, Automotive News Data Center
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Kristen Pantalena, Executive Assistant
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TOKYO
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autonews.com
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Automotive News Online
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REPORTERS: China Haley,
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Automotive News is published by
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Keith E. Crain, Chairman
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KC Crain, President
Chris Crain
Senior Executive Vice President
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G.D. Crain Jr., Founder (1885-1973)
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Automotive News - May 6, 2019 - Retail

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