OMA: Current Draft of EV Bill Would Cost Electric Customers

On May 17, the Senate Energy and Public Utilities Committee heard testimony on Senate Bill 307, a wide-ranging plan to boost Ohio’s electric vehicle (EV) industry. The bill proposes to inject $85 million into the state education grants, factory retooling programs, and similar efforts, while providing vehicle sales tax incentives worth an estimated $55 million to $70 million a year.

Unfortunately, the bill would also constitute a massive new financial liability for electricity customers, including manufacturers.

Testifying as an interested party, Rachael Carl, the OMA’s managing director of public policy services, told lawmakers that SB 307, in its current form, would “expose customers to new costs from the riders that would finance electric car charging stations,” while providing “little to no guardrails to prevent excessive increases in Ohioans’ power bills.” Read the OMA’s testimony. 5/18/2022