Governor Hickenlooper was joined by a broad coalition of small businesses, utilities and conservation groups to sign the landmark Electric Vehicle legislation, H.B. 1258, into law recently.
The bipartisan bill sponsored by Senator Cheri Jahn (D-Wheatridge) and Rep. Brian DelGrosso (R-Loveland) significantly lowers regulatory barriers for Colorado’s emerging electronic vehicle market by allowing anyone to sell electricity to charge electric vehicles without approval from the Public Utilities Commission.
“Expanding our energy vision now creates a better market for the businesses and our future. Looking ahead to smooth the road before these emerging enterprises can only be a win-win for the State,” said sponsor Senator Cheri Jahn (D-Wheat Ridge).
“Making the daily usage of alternative fuels more practical for consumers sends a strong message that Colorado is a friendly and profitable place to do green business.”
As Colorado moves to a 21st Century transportation system, electric vehicles will be a larger part of Coloradans transportation choices. The legislation, H.B. 1258, opens up the utility monopoly to allow anyone to offer electricity for sale at commercial electric vehicle charging stations. This will make
recharging electric vehicles away from home easy and convenient.
“If 30% of cars on the road are electric vehicles, Colorado can solve its ozone pollution problem, reduce the impact of car pollution on climate change, and boost the state’s economy by saving up to $11 billion by using locally produced electricity instead of imported petroleum fuels,” said Robert Yuhnke, Transportation Program Director, Southwest Energy Efficiency Project.
“That wealth will remain in Colorado’s economy to strengthen job creation and protect the state from price spikes in global petroleum prices.”
Electric vehicles can run on power produced in Colorado, not overseas, and operate with no tailpipe emissions. Electric vehicles convert 75% of power into motion while gasoline-power cars are only 20% efficient. More importantly, electric vehicles drivers save an estimated $900 per year over their gasoline-powered counterparts.