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Clean Energy Lauds OK of Trucking’s Alternative Fuel Tax Credit

December 21, 2015 By: Trucking News Staff Tags: Fleet Management, Fuel, News
Clean Energy Lauds OK of Trucking’s Alternative Fuel Tax Credit

Newport Beach, Calif.-based Clean Energy Fuels Corp., has applauded the passage by the U.S. Congress of an alternative fuel tax credit that will continue to support the use of natural gas — a cleaner and domestic transportation fuel option.

The credit is retroactive to 2015 and extends through 2016 and applies to compressed natural gas (CNG) and liquefied natural gas (LNG). The tax credit will cap a successful year for Clean Energy that includes the completion of 68 station projects and adding more than 3,000 vehicles to the Clean Energy fueling network, despite facing the headwinds of lower diesel prices.

As David Biderman, the executive director and CEO of the Solid Waste Association of North America recently said, “One of the remarkable things that has occurred this year is that despite the declining price of diesel, the purchase of natural gas fueled waste collection vehicles has remained steady as companies and local governments seek to reduce carbon footprint, reduce emissions and reduce costs.”

“The tax credit will support the continued expansion of natural gas fueling in the U.S., which will help to clean our air and keep dollars here,” said Andrew J. Littlefair, president and CEO of Clean Energy. “We applaud Congress for taking this action and encourage the implementation of permanent measures to encourage further use of this superior and cleaner fuel.”

Natural gas fuel costs up to a dollar less per gallon than gasoline or diesel, depending on local market conditions. The use of natural gas fuel not only reduces operating costs for vehicles, but also reduces greenhouse gas emissions up to 30 percent in light-duty vehicles and 23 percent in medium- to heavy-duty vehicles. In addition, nearly all natural gas consumed in North America is produced domestically.