New Handbook Helps Promote Energy-Efficient Transport Technologies
"States can play an important role in reducing petroleum use in the transportation sector, particularly for light-duty vehicles," said Alliance Director of Transportation Gail Hendrickson. "By enacting into law a variety of financial and non-financial incentives to encourage consumers to purchase and use advanced technology vehicles and alternative fuels, state policymakers can lessen the nation's dependence on imported oil, reduce greenhouse gas emissions, and improve the air quality in their cities and towns."
"The automotive industry is actively pursuing a variety of advanced vehicle technologies, including hybrids, fuel cells, advanced diesel, and hydrogen internal combustion engines," stated Ford's Manager of Global Public Policy Curt Magleby. "But all of these technologies - including the hybrids currently on the market - carry a price premium. Consumer incentives during early market introduction play a crucial role in offsetting a portion of the incremental costs and creating the demand necessary for affordable economies of scale."
The handbook provides state legislators with details of 15 incentives currently in use in various states, including nine types of purchase incentives (tax credits, grants, rebates); four types of operational incentives such as exempting hybrid electric vehicles from high occupancy vehicle lane restrictions or parking fees; and two types of manufacturing incentives to promote economic development and job creation.
The handbook also discusses the impact of transportation on
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