Alt-fuel industry benefits from "fiscal cliff" deal

01/3/2013 | NGT News · LPGasMagazine.com

The U.S. alternative fuel industry will benefit from the "fiscal cliff" deal Congress passed this week. The move has extended through 2013 two measures that provide tax credits for propane autogas, compressed natural gas and liquefied natural gas vehicles and infrastructure. The two measures expired at the end of 2011, but the legislation applies retroactively so it will cover alternative fuel infrastructure and vehicles purchased and installed last year. "The extension of the alternative fuel tax credit and the refueling infrastructure tax credit will help get more propane autogas vehicles on the road and encourage fleet managers to strongly consider alternative fuel options before making a decision," said Rick Roldan, president and CEO of the National Propane Gas Association.

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NGT News · LPGasMagazine.com