Mississippi governor signs legislation restricting electric car stores
Posted 10 days ago
From WWW.FOXBUSINESS.COM
Mississippi Gov. Tate Reeves signed legislation on Tuesday restricting electric car manufacturers from selling vehicles in person unless they open franchised dealerships.
Reeves enacted House Bill 401 into law, which was introduced by Republican Rep. Trey Lamar, despite calls from some fellow GOP members to veto it.
The law will force electric car companies to sell vehicles through franchises, instead of company-owned stores.
"Almost 200 small businesses in communities across our state are seeking assurances that big manufacturers can’t just destroy their businesses. That’s fair!" the governor said in a statement posted to social media.
"I also recognize that innovation in this industry is inevitable. And with innovation comes new companies with new business models. I am committed to find long-term solutions – in an ever changing market," he said.... (Read more)
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