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APGA Supports AFTC Extension

By Joshua St.Pierre posted 12-12-2024 10:56 AM

  
Last month, APGA joined the Transport Project (formerly Natural Gas Vehicles of America) and other industry groups in sending a letter to congressional leadership supporting an extension of the Alternative Fuels Tax Credit (AFTC). The AFTC is a tax incentive that provides a $0.50/per gallon equivalent credit for natural gas used as a transportation fuel. The credit is set to expire at the end of this year, so advocates have been calling on Congress to pass legislation that extends the program before it lapses. 
 
APGA members deliver the energy that fuels natural gas vehicles (NGV) and many operate their own NGV fleets. Public gas systems rely on the cost savings that the AFTC provides to be competitive in the fueling market.
 
To support the growing NGV industry and additional R&D, Congress must pass an extension before the credit expires on December 31st, 2024. According to the Transport Project, “Unlike other clean fuel incentives and credits, the AFTC is end user focused.  Awarded at the dispenser, heavy-duty fleets of all sizes and application benefit, including public and municipal fleets. The AFTC lowers overall fleet fueling costs, contributing to an important earlier return on investment (ROI) per vehicle and encouraging continued investment in clean technologies and fleet turnover.”
 
View the letter that APGA joined, here. To hear more about the AFTC and other legislation impacting NGVs, consider attending APGA’s monthly Legislative Committee calls, click here to join. 
 
For questions on this article, please contact Joshua St.Pierre of APGA staff by phone at 202-407-0015 or by email at jstpierre@apga.org.

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