Clean Transportation Getting Huge Boost from Major Federal Legislation
NGT News
Both the U.S. Senate and House have passed the landmark Inflation Reduction Act of 2022 (IRA), which includes a number of provisions that will directly benefit the clean transportation industry. Key among these provisions is a three-year extension of the Alternative Fuels Tax Credit (AFTC), which provides a $0.50 per gasoline gallon equivalent (GGE) credit for compressed natural gas (CNG), liquefied natural gas (LNG), propane autogas and other clean fleet fuels.
