Arcimoto Accelerates Transition to Electric Vehicles By Joining Zero Emission Transportation Association (ZETA)

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Arcimoto, Inc.® (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, announced that it has joined the Zero Emission Transportation Association (ZETA), a national coalition of more than forty businesses advocating for 100 percent electric vehicle sales by 2030.

“We stand at a pivotal point in history, and if we are to create a better world for ourselves and future generations, we need to start right now with a rational, cohesive, and visionary strategy,” said Mark Frohnmayer, Arcimoto Founder and CEO. “We are stoked to join ZETA and work with our industry peers that are dedicated to building a cleaner, more sustainable world while at the same time creating thousands of new jobs and dramatically improving the country’s infrastructure.”

ZETA announced its policy platform for 2021, which consists of 34 policy proposals serving six major policy outcomes:

1. Light-Duty Electric Vehicle Consumer Adoption
Point-of-sale consumer incentives, along with early retirement and tax incentives, will accelerate the demand for electric vehicles.

2. Medium- and Heavy-Duty Electrification
Buses, service, and delivery vehicles are primed for electrification, and fleet buyers are eager to save on service, maintenance, and fuel costs. New tax credits, retirement incentives, and targeted programs will further accelerate and drive demand for electric medium- and heavy-duty vehicles.

3. National Charging Initiative
ZETA is calling for a $30 billion investment in charging infrastructure. An investment of this scale will create thousands of jobs, stimulate local economies, eliminate range anxiety, and pave the way for transportation electrification that meets every community’s needs.

4. Encourage Domestic Manufacturing
The automotive sector was once the symbol of a dominant American manufacturing sector. Electric vehicles give us a unique opportunity to re-establish the United States as global leaders in production and innovative technology. ZETA’s policy proposals promote production across the entire supply chain, from raw materials to manufacturing to battery recycling.

5. Performance and Emissions Standards
Strong emissions targets will protect public health and send powerful market signals to speed the transition to zero-emission modes of transportation.

6. Federal Leadership
ZETA urges the federal government to lead the way by committing to the electrification of its own fleet, investing in charging infrastructure, and promoting federal EV rental. Federal leadership can provide an aligned vision for electrification that empowers local leaders with the necessary expertise and resources.

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