Jan 31, 2014

Natural gas vehicles receive President's support

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President Obama urged Congress to support the construction of natural gas fueling stations for American cars and trucks during his recent State of the Union Address. The President spoke of the important role natural gas has played in his “all-of-the-above” energy strategy to create new jobs, reduce our dependence on foreign oil and help curb climate change.

“We are pleased to hear the President encourage the use of clean and affordable domestically produced natural gas in our cars and trucks," said Richard Kolodziej, president of NGVAmerica. “The natural gas vehicle market is growing, but the support of Congress would help accelerate the transition to a transportation fuel that is clean, abundant and domestic.”

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One of the ways Congress can help accelerate the development of natural gas fueling infrastructure is by reinstating the natural gas fuel and infrastructure tax credits that recently expired. NGVAmerica encourages Congress to reinstate these credits, which include a 50 cent credit per gasoline gallon equivalent (GGE) for the sale of natural gas as a motor fuel and a credit for 30 percent of the cost of installing new natural gas refueling equipment for up to $30,000.

Congress can also accelerate the transition to natural gas by passing legislation to improve the federal excise taxes on the sale of liquefied natural gas (LNG) and the incremental cost of heavy duty natural gas trucks.

“Congress plays an important role in passing legislation that removes barriers in our industry and helps solve important policy issues,” said Kolodziej.
 

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