Recently, the state of Colorado received over $68.7 million from the automotive manufacturer Volkswagen AG as part of the “Dieselgate” U.S. settlement. Among Colorado’s environmental issues, the money is earmarked for cutting NOx and carbon dioxide emissions, reducing ozone concentrations and more.
According to this executive order, the money will help transition Colorado into a low/zero emissions state. Colorado automotive consumers will be provided with less expensive options for electric vehicles. Consumers will be given incentives to cut emissions while the state builds an infrastructure that can handle increased (EV charging stations and power) demands.
CBS reports, “’Our goal is to reach 100 percent renewable electricity by 2040 and embrace the green energy transition already underway economy-wide,’ said Polis.”
The executive order and its ramifications for the automotive industry in Colorado are not embraced by all.
Colorado Automobile Dealer’s Association President and CEO Tim Jackson chimed in on Polis’ move.
“We trust Colorado consumers, who care about the environment as much as anyone, to be able to freely choose to buy the vehicles that they need at home or work. These consumers range from rural Coloradans who farm and ranch to suburban parents who need to transport the Little League or soccer team,” he said. “Three-quarters of Coloradans choose vehicles from the light truck category, which includes pickups and SUVs, to meet Colorado’s challenging driving conditions. There is a reason you don’t see electric vehicles pulling horse trailers or hauling six kids to their events.”
Currently, electric car pricing options for Coloradans start over $30,000 (before government credits) for a base-model, low-range, front-wheel drive model like the 2019 Nissan Leaf. The least expensive all-wheel drive EV currently available in Colorado is the Tesla Model 3, which can easily surpass the $50,000 mark. These prices do not include home chargers.