Alternative Fuels & Advanced Technology Vehicles: Incentives & Considerations

A wide array of federal incentives support the development and deployment of alternatives to conventional fuels and engines in transportation. These incentives include tax deductions and credits for vehicle purchases and the installation of refuelling systems, federal grants for conversion of older vehicles to new technologies, mandates for the use of biofuels, and incentives for manufacturers to produce alternative vehicles. Many of the policy choices presented for alternative fuel and advanced vehicle technologies originated as a response to the nation’s interest in reducing petroleum imports. This book examines the current array of incentives, which do not reflect a single, comprehensive strategy, but rather an aggregative approach to a range of discreet public policy issues, including improving environmental quality, expanding domestic manufacturing, and promoting agriculture and rural developments.