A growing national coalition of cleantech companies and organizations representing business, labor, and startup innovation has joined the call for the Transportation Electrification Partnership (TEP)‘s $150 billion federal stimulus proposal.
These investments in the nation’s transportation infrastructure would be in direct response to the economic and health crisis caused by the COVID-19 pandemic.
Spearheaded by TEP & the Los Angeles Cleantech Incubator (LACI), the national coalition currently represents leaders (including TAEBC) from 14 states and DC requesting zero emissions vehicle manufacturing and innovation, infrastructure deployment, public and active transit, job training, high-quality workforce standards, and support for related startups and small business, prioritizing those started by underrepresented founders.
New findings show TEP’s proposal could create up to 2.3 million jobs across the U.S. The research from economic advisory firm HR&A estimates the proposed $150 billion in stimulus investment would boost employment in all sectors, with 1.4 million jobs expected to build out our nation’s zero emissions transportation infrastructure alone.
The TEP federal stimulus proposal calls for:
- $25 billion investment in the assembly and adoption of electric and zero emissions vehicles along with supply chain development (e.g., producing domestic lithium for batteries, etc.);
- $85 billion for EV charging and related infrastructure investment;
- $25 billion for zero emissions public transit, active transit and safe streets;
- $12.5 billion for workforce development, safety standards and job training; and
- $2.5 billion in innovation ecosystems for cleantech startups and related small businesses, prioritizing those created by underrepresented founders.