With AEE in attendance, Governor Jared Polis signed Senate Bill 260 at ceremony today, providing sustainable funding streams for the state’s vehicle electrification programs and transportation infrastructure over the next decade.
DENVER, June 17, 2021 — Today, national business group Advanced Energy Economy (AEE) joined Colorado Governor Jared Polis for the Senate Bill 21-260* (SB 260) signing ceremony at Floyd Hill. The bill creates three new state electrification enterprises and assures comprehensive transportation funding for the state, investing over $730 million to accelerate Colorado’s zero-emission vehicle market over the next decade. The bipartisan legislation was previously approved by the House on June 2, 2021 by a vote of 41-24.
“Thank you Governor Polis for signing SB 260 into law and to the entire legislature for making reliable, clean transportation infrastructure a reality for all Coloradans. This legislation ensures Colorado has a strong path toward economic recovery and pollution reduction,” said Emilie Olson, principal at AEE. “With its combination of targeted investments and revenue-generating strategies, SB 260 can propel the state toward a modern, reliable transportation system.”
The advanced energy industry already employs more than 62,000 Coloradans, and the stable, multi-year funding provided in SB 260 will create good paying, high quality jobs across the state.
“Doubling down on public investment in accessible vehicle charging equipment presents a significant opportunity for a strong economic recovery. As AEE has shown, every dollar invested in advanced energy and transportation yields a six-fold return for Colorado’s economy,” said Olson.
“AEE commends Senate Majority Leader Stephen Fenberg, House Speaker Alec Garnett, Senator Faith Winter, Representative Matt Gray, and Senator Kevin Priola for their tremendous leadership on this timely, bipartisan transportation policy,” continued Olson. "SB 260 represents a transformational opportunity for Colorado to drive mass adoption of clean vehicles and modernize transportation infrastructure in every corner of the state.”
*Note: AEE offers free, complimentary access to its PowerSuite online platform tracking all federal and state energy legislation and regulatory filings, plus RTO/ISO policy action, to credentialed media. Sign up for a free trial and contact Monique Hanis (mhanis@aee.net) for permanent media access.
Background Materials
- Read our previous statement on the passage of SB 260: “Transportation Bill Zooms Through Colorado House.”
- Read our report: "Stimulus Investments in Advanced Energy Would Deliver More Than $150 Billion to Colorado’s Economy."
- Read our blog: "Colorado Transportation Bill Paves the Way for Electric Transportation."