Colorado's New ZEV Mandate Aims to Double Electric Vehicle Sales by 2025
Colorado has implemented a Zero Emission Vehicle (ZEV) mandate, aiming to boost electric vehicle news sales and reduce traffic-related pollution. This rule, part of a broader plan to enhance air quality and decrease dependence on fossil fuels, follows similar initiatives in other states like California.
The program, effective from 2023, requires a steady rise in battery electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs). By 2025, ZEV news must nearly double compared to current levels, reaching 6.07 percent of all new vehicles sold by 2030. Automakers like Tesla, General Motors, Ford, Honda, and Volkswagen are expanding their ZEV offerings to meet these targets.
The phase-out of federal and state subsidies for ZEVs may pose challenges, but falling battery prices could offset this impact by lowering purchase prices. Colorado is also investing in charging station infrastructure to alleviate range anxiety among potential buyers. Currently, electric vehicle news sales account for about 2 percent of all new vehicles sold in the U.S.
Colorado's ZEV program requires a significant increase in electric vehicle news sales over the next eight years. Automakers are responding with new models, and Colorado is bolstering charging infrastructure. Despite potential challenges from subsidy phase-outs, the program is poised to accelerate the adoption of clean vehicles, contributing to Colorado's environmental goals.
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