This bill amends Section 322.3 of the Iowa Code to allow manufacturers of battery electric motor vehicles to be licensed as motor vehicle dealers specifically for the sale of their own manufactured vehicles. The new provision permits these manufacturers to own, operate, or control up to five dealerships and to engage in financing, leasing, service, or maintenance related to their vehicles. This exception is significant as it expands the current restrictions that generally prohibit manufacturers from being licensed as dealers unless they meet specific criteria.

Additionally, the bill outlines that this licensing exception does not apply if the manufacturer or a common entity has previously entered into a franchise agreement with a licensed dealer in Iowa for the sale of new vehicles. The definition of a battery electric motor vehicle is also provided, specifying that it must be equipped with an electrical drivetrain and not have an internal combustion engine. Overall, this legislation aims to facilitate the growth of the battery electric vehicle market by allowing manufacturers greater control over their sales and service operations.

Statutes affected:
Introduced: 322.3