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Tax Credits * USA - Shippers wait for, on hybrid trucks
FedEx, others balk at vehicles' high costs until Treasury details 2005 law
Washington,DC,USA -Commercial Appeal (Memphis,TN,USA), by Richard Powelson -Jan 31, 2007: -- FedEx has been trying out high-mileage, low-pollution gas/electric hybrid trucks that work great except for one big problem. They cost up to twice as much as standard delivery trucks, William Logue, a FedEx executive vice president, told the Senate Energy and Natural Resources Committee Tuesday. FedEx and other shippers likely would use more of the hybrid trucks if the Department of the Treasury approved details for hybrid commercial truck tax credits passed by Congress in 2005, he said. But without the tax credits, very few companies are committing to the technology, Logue said...
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