The draft summary was released by Senator Harry Reid and involves up to $3.8 billion in refunds to buyers of new NGVs, from passenger cars to 18-wheelers. Representatives are expected to vote on their version of the legislation before Congress breaks for recess in August.
“Study after study shows that this country has tremendous natural gas resources. Using natural gas as a transportation fuel increases energy security, creates jobs, provides cleaner air and reduces greenhouse gas emissions,” said president of NGVAmerica Richard Kolodziej, and applauded Reid’s proposal.
In addition to the rebates, the bill would offer grants for infrastructure development and research projects within the Department of Energy, and would establish a loan program to enhance domestic manufacturing of natural gas vehicles and components.
“The proposed incentives will encourage even more individual consumers and fleets to switch to natural gas vehicles. And we expect this to spur manufacturers to produce even more natural gas models,” held Kolodziej through an NGVAmerica press release.
This energy bill looks for a market growth, with more original equipment manufacturers, more OEM NGV models and definitely more buyers.