Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Dealers, leases and ACC2: committee hears industry concerns about EV mandates and compliance pathways
Summary
Witnesses and committee members discussed Vermont’s Advanced Clean Car II implementation, high EV leasing rates, manufacturer compliance options, potential compliance fees and risks to local dealers and used‑car markets.
Industry witness Matt Coda told the Vermont House Transportation Committee on March 13 that the ongoing shift to electric vehicles (EVs) is being driven in part by attractive manufacturer lease offers and that Vermont faces difficult compliance choices under the Vermont Advanced Clean Cars 2 (ACC2) regulation.
Coda told the committee that, in January and February data he reviewed, 71% of EV transactions were leases compared with a lower lease share for non‑EVs. He warned that leases concentrate the risk of future used‑vehicle flows: “When those cars come in on trade, they are not resold at the local dealers. They are sold at auction,” he said, describing how a surge of returned leased EVs could depress used‑EV prices if many leases expire in the same period.
Coda described four compliance pathways…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
