CHARLOTTE, N.C., Nov. 18, 2020 /PRNewswire/
-- Albemarle Corporation (NYSE: ALB), a leader in the
global specialty chemicals industry, announced today that it will
serve as a founding member of ZETA, a first-of-its-kind U.S.-based
coalition committed to achieving 100 percent electric vehicle (EV)
sales by 2030.
ZETA will advocate for national policies to enable the full
adoption of EVs throughout the light-, medium-, and heavy-duty
sectors by 2030, which will support the creation of new jobs,
secure American global EV manufacturing leadership, and
significantly reduce carbon pollution.
"The U.S. is tracking behind other countries in driving the
adoption of EVs and, as a result, the benefits EVs contribute to
the environment," said Eric Norris,
Albemarle President, Lithium. "As an industry leader and major U.S.
producer of lithium, Albemarle is
committed to powering the potential of clean energy and is excited
to join ZETA's mission in positioning the U.S. to support a clean
and sustainable environment."
The organization is calling for the following five key policy
pillars:
- Outcome-driven consumer EV incentives. Point-of-sale
consumer incentives drive adoption, provide cost reductions and
achieve real results in pushing transportation electrification.
These incentives should be widely available to all EV models until
there is substantial uptake.
- Emissions performance standards enabling full
electrification by 2030. Emission targets are a key piece of
protecting public health and sending the correct market signals to
support and accelerate the transition to zero emission
transportation.
- Infrastructure investments. Strong federal charging
infrastructure investments will drive the electric transportation
transition and ensure that the United
States is leading the way in a clean recovery where everyone
is better off.
- Early retirement incentives for legacy vehicles. Even if
every vehicle purchased moving forward is electric, without further
action, full turnover of the U.S. vehicle inventory will take a
generation. Incentivizing early retirements while encouraging EV
adoption will speed the transition and meet the urgency of the
moment.
- Federal leadership and cooperation with sub-national
entities. Federal support should invest in research and
development, provide an aligned vision for electrification, and
ensure local leaders are empowered with the expertise and resources
to support full vehicle electrification.
"For the first time in a generation, transportation is the
leading emitter of U.S. carbon emissions. By embracing EVs, federal
policymakers can help drive innovation, create hundreds of
thousands of new jobs and improve air quality and public health,"
said Joe Britton, Executive Director
of ZETA. "ZETA's formation recognizes a pivotal moment for national
leadership and reflects the will of the growing clean
transportation sector."
ZETA is comprised of a diverse, non-partisan group of 28
founding members including, Albemarle Corporation, ABB Inc., Con
Edison, Duke Energy, Pacific Gas & Electric, Rivian, Salt River
Project, Tesla, Uber and Volta, among others. For more information,
please visit www.zeta2030.org.
About Albemarle
Albemarle Corporation (NYSE:
ALB), headquartered in Charlotte,
N.C., is a global specialty chemicals company with leading
positions in lithium, bromine and refining catalysts. We think
beyond business-as-usual to power the potential of companies in
many of the world's largest and most critical industries, such as
energy, electronics, and transportation. We actively pursue a
sustainable approach to managing our diverse global footprint of
world-class resources. In conjunction with our highly experienced
and talented global teams, our deep-seated values, and our
collaborative customer relationships, we create value-added and
performance-based solutions that enable a safer and more
sustainable future.
We regularly post information to www.albemarle.com, including
notification of events, news, financial performance, investor
presentations and webcasts, non-GAAP reconciliations, SEC filings
and other information regarding our company, its businesses and the
markets it serves.
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SOURCE Albemarle Corporation