NGVAmerica statement on U.S. House hearing discussing alternative fuels tax credit

March 14, 2019. NGVAmerica President Daniel J. Gage released the following statement after the U.S. House Ways and Means Committee, Subcommittee on Select Revenue Measures, held a hearing on temporary tax policy including the alternative fuels tax credit (AFTC):

   “On behalf of NGVAmerica and our 170+ member companies, I thank the House Majority for addressing such an imperative and time-sensitive issue as the continued investment in clean, renewable transportation technology. The AFTC passes crucial savings to customers and end users through rebates and lower pricing, while leveling the playing field for companies considering switching their fleets to natural gas.

   “Preserving our environment must be a national priority and investment in proven on-road technology, which is readily available and domestically manufactured, depends on maintaining cost efficiency. We ask that Congress extends these tax credits as soon as possible to restore consistency, clarity and parity in federal tax code so that all fleets– private and public– have added incentive to make the switch to clean, domestic natural gas and renewable biomethane.”