TRUCKING INDUSTRY: 50% tax credit on the price differential between natural-gas and diesel-powered trucks * USA
* Illinois - Obama proposes tax credits to promote natural-gas use in trucking industry
(Photo: Freightliner 1st Natural Gas-Powered Truck)
Chicago,ILL,USA -Transport Topics -20 March 2013: -- President Obama has proposed giving those who buy trucks powered by natural gas a 50% tax credit on the price differential between natural-gas and diesel-powered trucks... Trucks that use natural gas can cost at least $40,000 more than trucks powered by diesel... The tax credits are part of Obama’s Energy Security Trust, a comprehensive climate and energy proposal unveiled March 15, the same day he visited the Argonne National Laboratory outside Chicago... Argonne, a nonprofit research laboratory operated by the University of Chicago for the U.S. Department of Energy, is conducting research that could lead to battery-powered trucks...
* New York - Truckers ocnsidering natural gas over diesel say transition costs still too high
(Photo from MotorTrend: Trucks at natural gas fueling station)
NY ,USA -International Business Times, by Malik Singleton -March 22, 2013: -- The alternative fuel industry faces a Catch-22: Manufacturers are pressuring their distribution partners to ship their products using natural gas trucks because they're far less expensive to run than diesel fuel trucks... However, the distributors are pushing back, arguing three major reasons that natural gas trucks are still too expensive to adopt... First, natural gas trucks cost distributors an extra $40,000 to $80,000 per truck over typical diesel trucks, which begin at about $100,000. Some federal and state incentive programs are in place to help shipping companies transition, but those amounts have so far proven insufficient for many shippers. They still expect to bear most of the costs... Second, shippers stand to incur costs when refueling since natural gas fueling stations are still so few. Truckers lose precious time and burn extra fuel when they have to go out of their way to find natural gas fueling stations...
Labels: trucking industry news USA