Tax credits for the purchase of NGVs and sale of natural gas as a vehicle fuel are supported by Congressional Republicans and Democrats and by representatives of the environmental, auto and truck manufacturing and alternative fuels community. In addition, the energy plan announced by the New Democratic Coalition on Tuesday also calls for incentives for alternative fuel vehicles. At the same time, NGVs reduce air pollution and greenhouse gases.
Transportation is the only U.S. energy sector where one fuel still has a virtual monopoly.
Achieving energy security requires the use of alternative motor fuels. Moreover, the report correctly identifies the barriers to the growth of the NGV and other alternative fuels market. The release of the Administration's energy policy plan is likely to stimulate early Congressional action to address the growing energy crisis the country faces. The NGVC is a national organization dedicated to the development of a growing, sustainable and profitable natural gas vehicle market. The NGVC represents more than 180 natural gas companies, equipment manufacturers and service providers, as well as environmental groups and government organizations interested in the promotion and use of natural gas as a transportation fuel.