Bipartisan Bill Aids Alternative Fuel Efforts
The National Ethanol Vehicle Coalition (NEVC), the nation's primary advocate of the use of E85, strongly endorses a recent legislative proposal that would increase help with alternative fuel infrastructure costs
August 12, 2008
The National Ethanol Vehicle Coalition (NEVC), the nation’s primary advocate of the use of E85, strongly endorses a recent legislative proposal that would increase help with alternative fuel infrastructure costs.
The E85 and Biodiesel Access Act (H.R. 6734), introduced by Rep. Stephanie Herseth Sandlin (D-SD) and Rep. John Shimkus (R-IL), would increase the existing federal income tax credit from $30,000 or 30% of the total cost of improvements to $100,000 or 50% of the total cost of needed alternative fuel equipment and dispensing improvements.
Herseth Sandlin and Shimkus “have consistently demonstrated their leadership in advancing the use of both ethanol and biodiesel,” says NEVC Executive Director Phil Lampert. “Our automaker members have pledged to produce 50 percent of their total vehicle production as flexible fuel by 2012 if the infrastructure is available to support such vehicles. Even though we now have 1,650 E85 fueling locations, this still represents less than 1% of the total gasoline fueling stations. We are convinced that if this proposal were adopted, the nation would have no less than 10,000 E85 fueling sites in a short period of time.”
H.R. 6734 is also supported by the American Coalition for Ethanol, the Renewable Fuels Association, the National Association of Convenience Stores, and the National Biodiesel Board.