Source:  PRESS RELEASE, 5/6/11
 

U.S. Congressman Mike McIntyre has cosponsored a bill that would pave the way for consumers to have the opportunity to change how they power their vehicles by encouraging private investment in natural gas refueling stations and by providing incentives for the production and purchase of natural gas vehicles.

“We need to do all we can to promote alternative ways to fill up our vehicles.  Promoting natural gas fueled vehicles helps everybody --  consumers pay less at the pump, our nation will become less dependent on foreign oil and we can create more jobs and a cleaner environment,” said Congressman McIntyre.

The NAT GAS Act of 2011 includes an extension of the current tax credit on natural gas fuel, a new tax credit for production of natural gas vehicles and a tax credit for installing natural gas refueling stations.  By promoting production and access to natural gas, the bill provides consumers with additional options for powering their vehicles, diversifies the country’s vehicle fleets, promotes job creation at home and reduces the nation’s dependence on foreign oil.

Currently there are over 12 and a half million natural gas vehicles in use worldwide, yet fewer than 150,000 currently in the United States.

The NAT GAS Act is a central element of the T. Boone Pickens Plan solution for ending the United States dependence on foreign oil.