There are a number of important reasons why the Propane GAS Act should be enacted in Congress. Below are some of the key reasons why extending the Federal tax credits for propane autogas, vehicle conversions, and infrastructure installation would help our economy:

Economic Stability

• Autogas vehicle market incentives are good fiscal policy. Public and private fleets that are early adopters of autogas vehicles are seeing significant long-term cost savings due to lower fuel costs.

• The Propane GAS Act offers the kind of long-term policy commitment necessary to encourage private investment, build essential alternative fuel infrastructure, and bolster a burgeoning autogas market that will provide an immediate return on taxpayer investment.

• The Propane GAS Act puts incentives directly into the pockets of the U.S. business fleets, making the switch to an American-made alternative fuel practical and with transparent policy benefits.

• The economic cost that results from rising and volatile oil prices is much higher than the relatively small investment necessary to jumpstart large-scale autogas vehicle deployment.

Readily Available

• Propane autogas vehicles and related refueling infrastructure are available now.  Both Ford and GM are producing propane vehicle platforms, and for $25,000 - $50,000 propane refueling facilities can be quickly and easily installed.

• Propane autogas is already powering vehicles across the country. While no single alternative fuel can completely displace conventional fuels in the short term, propane autogas can provide our country with significant benefits and make an immediate impact.

Lowering Operating Costs

• Propane autogas provides one of the fastest returns on investment of any domestic alternative vehicle fuel.  Autogas vehicles are the only economically feasible light- and medium-duty AFVs that can be deployed on a large scale and achieve comparable performance to gasoline vehicles.

Reducing Emissions

• Propane autogas vehicles produce 24% less greenhouse gas (CO2) emissions, and less particulate matter, carbon monoxide, and nitrogen oxide than gasoline engines.

Reducing Our Dependence on Foreign Oil

• Supporting the Propane GAS Act is a vote for American energy security because 90 percent of our nation’s autogas is domestically produced. In addition, propane supply is expected to increase over the next several decades, guaranteeing consumer availability and price stability.

• Gasoline and diesel have a marketplace monopoly. We must introduce competitors to gasoline and diesel, such as propane autogas, otherwise we will continue to be dependent on foreign oil.