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IA SSB3067
SB
AI Summary
- Manufacturers of battery electric vehicles (BEVs) would be authorized to obtain motor vehicle dealer licenses to sell new or used BEVs of their own manufacture directly to consumers in Iowa
- Licensed BEV manufacturers may own, operate, or control a maximum of five motor vehicle dealerships in the state
- Licensed BEV manufacturers may own, operate, control, or contract with entities providing financing, leasing, service, or maintenance for their vehicles
- The exception does not apply to manufacturers or their affiliated entities that have previously offered or entered into franchise agreements with licensed motor vehicle dealers in Iowa for new vehicle sales
- "Common entity" is defined as persons controlled by or holding more than 30% equity interest in the manufacturer, importer, distributor, or their affiliates
Legislative Description
A bill for an act authorizing certain manufacturers of battery electric motor vehicles to be licensed as motor vehicle dealers.
Last Action
Subcommittee recommends passage.
2/10/2026
Committee Referrals
Commerce1/22/2026
Full Bill Text
No bill text available