The federal alternative fuel tax credits have been extended through Dec. 31, 2021 for both fuel and infrastructure.
This is good news for our propane autogas customers, who will continue to get back 36 cents per gallon of propane they use throughout the year. In addition, the legislation provides a fueling station credit of 30% of infrastructure costs, up to $30,000 per property.
It’s also good news for our battery electric vehicle customers, because it extends a $30,000 credit for installation of electric vehicle chargers and other alternative fuel vehicle refueling property. Companies, like Penske Truck Leasing (above), have been able to expand their electric fleets due to incentives such as this that make the financial model make sense.
Most importantly, it’s good news that our nation’s legislators recognize there is no single alternative fuel solution for fleet transportation. It’s going to take all types of energy sources and innovation to help us substantially reduce emissions, better protect the environment, and develop a diverse energy portfolio that benefits the U.S. economy, fleets and consumers.
Gibson’s Heating & Plumbing has firsthand experience of the benefits. The company received alternative fuel tax credits of $8,000 for each of its 38 propane vehicles over the past two years. That’s on top of the $8,850 per month it saved in propane fuel compared with its gasoline counterparts. Propane has been so successful that the company’s entire fleet operates on the domestic fuel, and the company remains committed to a 100% propane fleet.
Energy diversity for transportation is a good thing. Tax credits and other funding, like ROUSH CleanTech’s $1,000 propane vehicle rebate for propane marketers, can help you move your fleet to clean advanced transportation, allowing you to reduce costs and emissions.
To learn more about ROUSH CleanTech’s advanced clean transportation fleet solutions, visit ROUSHcleantech.com, for more information about the rebate, email ryan.zic@roush.com and to download the case study, click here.
Todd Mouw is president of ROUSH CleanTech, an industry leader of advanced clean vehicle technology. Mouw has more than two decades of experience in the automotive and high-tech industries. As former president of the NTEA Green Truck Association, Mouw helped set standards in the green trucking industry. To learn more, visit ROUSHcleantech.com.