Friday, February 24, 2012

Obama’s Budget FY 2013 Request Includes NGV Incentives

An article in NGV Global News:
  1. Provide a Tax Credit for Medium & Heavy-Duty Alternative Fuel Vehicles (page 34). The credit is $20,000 for vehicles weighing more than 14,000 pounds but not more than 26,000 pounds and $40,000 for vehicles weighing more than 26,000 pounds. However, incentives for light-duty vehicles are not included.
  2. Extend several expiring tax credits through FY 2013 (page 65 and Table 4) including six alternative fuel incentives: biodiesel, renewable diesel, alternative fuel, alternative fuel mixtures, cellulosic biofuel, alternative fuel vehicle refueling property, plug-in hybrid conversion.
  3. Extend to 100 percent the first-year depreciation deduction for qualified property (pages 3-4). This provision was available at 100 percent during the period September 8, 2010 to December 31, 2011. It currently is available at 50 percent.
  4. Request $26.5 million in funding for the Clean Cities program for FY 2013.


"Natural gas contribution to sustainable transport"

An opinion in GNV Magazine by Roberto Dobles, Former Minister of Environment, Energy and Telecommunications of Costa Rica.
A study published by the International Energy Agency (IEA), entitled "The Contribution of Natural Gas Vehicles to Sustainable Transport", discusses the enormous benefits (economic, social and environmental) of natural gas use in the transportation sector. It points out what many experts have said: the natural gas will have a key role in significantly reducing emissions to the environment with a very low cost and will be part of strategies to progressively decarbonise energy consumption and reduce pollution.