FOR IMMEDIATE RELEASE
Statement from LACI CEO and Transportation Electrification Partnership Chair Matt Petersen
LOS ANGELES, CA – After today’s announcements from California Governor Gavin Newsom on climate initiatives, Matt Petersen, CEO of Los Angeles Cleantech Incubator (LACI) and Chair of the Transportation Electrification Partnership (TEP), released the following statement:
“On behalf of LACI and our unprecedented Transportation Electrification Partnership (TEP), we applaud Governor Newsom’s ambitious yet needed targets to only sell zero emission passenger cars and trucks by 2035 and have all medium- and heavy-duty trucks be zero emissions by 2045, with a 2035 goal for drayage trucks. We also applaud the Governor’s commitment to advancing equity by increasing access to zero emissions solutions, including used EVs and micromobility options such as electric bikes. Governor Newsom’s leadership shows that, in the face of the worst climate crisis with wildfires and extreme heat ravaging our state, California will continue to lead.
“Through our collaboration with California Air Resources Board, regional utilities, Mayor Garcetti, Los Angeles County, LA Metro, labor, and industry, LACI and our partners set bold transportation electrification targets for light duty cars, mode shift, and goods movement for the LA region to advance climate equity, reduce air pollution, and more by the time the world arrives for the 2028 Olympic and Paralympic Games.
To help achieve our targets and the state to lead, we are calling for the creation of a California electric vehicle authority to enhance the coordination needed and create additional financing tools for vehicles and charging infrastructure while boosting equity, job creation, workforce training, and economic development. Given the economic recovery needed due to COVID, we also convened a national coalition of over 80 companies, business organizations, and labor groups to push for comprehensive stimulus measures to support not just California’s zero emissions transportation efforts, but to grow this critical sector at the national level.
“California is building the future here now to clear the smoke and pollution from our air so all our state’s residents and future generations can breathe freely. LACI and TEP look forward to working with the Governor and the legislature to ensure all of our communities benefit from these policies.”
Los Angeles Cleantech Incubator (LACI) is creating an inclusive green economy for the people of Los Angeles by: unlocking innovation by working with startups to accelerate the commercialization of clean technologies; transforming markets through partnerships with policymakers, innovators, and market leaders in transportation, energy and sustainable cities; and enhancing communities through workforce development, pilots, and other programs. Founded as an economic development initiative by the City of Los Angeles and Los Angeles Department of Water & Power (LADWP), LACI is recognized as one of the most innovative business incubators in the world by UBI. In the past ten years, LACI has helped 236 portfolio companies raise $508 million in funding, $272 million in revenue, and create over 2,100 jobs in the Los Angeles region. Learn more at laci.org.