March 11, 2014
WASHINGTON, D.C. – NGVAmerica applauds the work of Sen. Jim Inhofe (R-OK), a senior member of the Environment and Public Works (EPW) Committee, and Sen. Carl Levin (D-MI) for introducing the Alternative Fuel Vehicle Development Act (S.2065), a bill that would incentivize the production and purchase of natural gas and other alternative fuel vehicles.
Specifically, the law would remove the current cap placed on the number of credits automakers can receive for the production of alternative fuel vehicles under the CAFE program. Automakers earn the majority of their credits for producing E85 Flex-Fuel vehicles, leaving few, if any, credits to be earned for the production of natural gas vehicles (NGVs). The legislation would also encourage the purchase of natural gas and other alternative fuel vehicles by giving states the option of allowing these vehicles to use high-occupancy vehicle (HOV) lanes without passenger restrictions.
“The booming natural gas industry in America is delivering a cheap, domestic energy source for our homes and businesses, but this fuel source is being underutilized in our vehicles,” said Inhofe. “The legislation will incentivize automakers to bring NGVs to the market more quickly by streamlining regulations and removing red tape that automakers currently must comply with.”
“As we continue to drive progress, we appreciate the efforts of Senators Inhofe and Levin to provide incentives for [alternative fuel] technologies,” said Curt Magleby, vice president for government relations at Ford Motor Company. “This legislation will help to encourage the production of the more advanced alternative fuel vehicles and will modernize High-Occupancy Vehicle lanes for the future. Efforts like these will help increase customer acceptance of advanced technologies.”
“Sen. Inhofe continues to be a champion for the NGV industry by introducing legislation that will encourage both automakers and vehicle purchasers to put more NGVs on American roads,” said NGVAmerica president Richard Kolodziej. “The increased use of domestic natural gas in our transportation sector brings a number of policy benefits, including reduced tailpipe and greenhouse gas emissions, reduced dependence on foreign oil and the growth of U.S. jobs.”
NGVAmerica is the national organization driving the use of natural gas as a clean, domestic, safe and abundant transportation fuel. The organization represents more than 230 companies, environmental groups, and government organizations interested in the promotion and use of natural gas in transportation. For more information about NGVAmerica, visit www.ngvamerica.org.