BICEP Members: Chairman Annie’s Inc Ranking Member Aspen Skiing Company Committee on Ways and Means Autodesk 1102 Longworth HOB Aveda Washington D.C. 20515 Ben & Jerry’s Burton Snowboards October 25, 2017 CA Technologies Clif Bar & Company Dear Chairman Brady and Ranking Member Neal, Dignity Health eBay Inc. On behalf of the Business for Innovative Climate and Energy Policy (BICEP) Eileen Fisher network, I am writing in support of the existing federal Qualified Plug-In Etsy Fetzer Vineyards Electric Drive Motor Vehicle Tax Credit (IRC Section 30D). As Congress and Gap Inc. the White House consider significant reforms to our tax system, our General Mills, Inc. network of major companies advocating for climate and clean energy IKEA policy encourages you to keep in mind that the credit helps to increase the JLL United States’ international competitiveness in the global electric vehicle KB Home market, helps corporations meet procurement goals, and provides The Kellogg Company consumers with increased choice and cost savings. For all of these L’Oreal USA reasons, the BICEP network urges you not to reduce or repeal the EV Tax LBrands Credit. Levi Strauss & Co.

Mars Incorporated The Section 30D tax credit is a critical element of the U.S. auto industry’s Nature’s Path Foods ability to be an international leader in advanced technologies. As countries Nestle New Belgium Brewing like China, India, the U.K., and France announce sweeping plans to use Nike, Inc. mandates and incentives to dramatically grow their EV markets and The North Face compete globally, it will be critical for the U.S. to maintain its existing Outdoor Industry Association federal tax credit to encourage domestic innovation and manufacturing, Owens Corning and to protect American jobs. Patagonia, Inc. Portland Trail Blazers Many members of our network have set ambitious goals around EVs and Seventh Generation clean transportation procurement - and this policy is critical to helping Sierra Nevada Brewing them achieve those goals and ensure long-term cost savings. More than Squaw Valley half of the cars on the road in the US belong to companies; companies’ Starbucks vehicle choices matter. Programs like the Section 30D tax credit help them Stonyfield Farm increase the proportions of our fleets that are electric. Symantec Corporation Timberland Unilever Maintaining tax incentives is a key strategy for driving innovation in our EV Vail Resorts industry and accelerating the auto industry’s ability to realize economies of VF Corporation scale. Because the EV industry is still relatively new, federal incentives offer Vulcan, Inc. critical support to aid in the deployment (and ultimate commercial Worthen Industries success) of the nascent domestic industry - giving companies and consumers more choices and saving them money. Financial incentives

consumers more choices and saving them money. Financial incentives like the federal tax credit have been proven to be one of the most effective strategies to promote EV deployment; ensuring the future competitiveness of the U.S. auto industry. Further, increased EV sales are a boon to the U.S. power industry, resulting in more sales and lower consumer rates, as well as more jobs.

Our network of major U.S. businesses urges you to protect this crucial incentive when considering changes to our tax code. Thank you for your time, and please do not hesitate to contact me at [email protected] with any questions.

Sincerely,

Anne Kelly Senior Director, Policy and BICEP Network (Business for Innovative Climate and Energy Policy) Ceres 99 Chauncy Street, 6th Floor Boston, MA 02111 T: 617-247-0700 x135 C: 781-354-6708 [email protected] www.ceres.org/bicep

CC:: Sam Johnson Diane Black Tom Rice Joseph Crowley Pat Tibei Mike Kelly Danny K. Davis

Dave Reichert Jim Renacci Carlos Curbelo Linda Sánchez

Peter Roskam Pat Meehan Mike Bishop Kristi Noem Adrian Smith Sander Levin Mike Thompson Suzan DelBene Lynn Jenkins John Lewis John B. Larson Erik Paulsen George Holding

Kenny Marchant Jason T. Smith

The Ceres BICEP Network comprises influential companies advocating for stronger climate and clean energy policies at the state and federal level in the U.S. As powerful champions of the accelerated transition to a low-carbon economy, Ceres BICEP Network members have weighed in when it has mattered most. For more information on the Ceres BICEP Network, visit www.ceres.org/BICEP.