The American Power Act provides NGV provisions to benefit consumers

Posted on May 27, 2010

By CNGNow.com

[Released on Tuesday, May 18, 2010]

New natural gas legislation has been unveiled by senators John Kerry, D-Mass., and Joseph Lieberman, I-Conn. Dubbed “The American Power Act,” this new bill proposes doubling the current federal tax credits available for purchasing natural gas-powered fleet vehicles for the next 10 years. Eligible natural gas vehicles (NGVs) include heavy-duty trucks and certain shuttle vans.

With additional provisions in the bill to encourage a refueling infrastructure and the manufacture of more NGVs, this legislation could be the needed step to advance NGV use and reduce America’s dependence on foreign oil.

Basic provisions of the bill include:

Doubling all NGV fuel credits for the next 10 years
Creating a bi-fuel tax credit
Providing 3 billion in bond funds for state and local government entities to issue tax-exempt bonds to finance NGV projects
Granting a new tax credit to auto manufacturers for producing dedicated and bi-fuel NGVs domestically
Requiring research and review of NGV vehicles in service by the federal government fleet

Take Action

Contact your legislators and urge them to support this act.

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