I am pleased to join with my colleague from Utah, Senator Orrin Hatch, in introducing legislation to renew an existing Federal program to provide tax incentives for the installation of equipment to refuel cars and trucks with alternative fuels including biodiesel, gasohol, electricity, compressed natural gas, propane, liquefied natural gas, and hydrogen. The United States continues to import far more oil than we produce. Upwards of 2/3 of the oil we use is imported from other countries, many of whom do not have Americans' best interests at heart, or worse. Similarly, 2/3 of all of the oil used in the U.S. goes to power our cars, buses, and trucks. If the U.S. is going to reduce our dependence on imported oil, it is going to have to adopt alternative transportation technologies such as plug-in hybrid and all electric vehicles, fuel cells, and natural gas vehicles. Each of these alternative technologies has pluses and minuses in terms of their technical maturity, usefulness in different types of vehicles, cost, and the availability of refueling infrastructure to support them. This legislation only addresses the need for refueling and recharging infrastructure, but without a certainty that there will be places to refuel and recharge their alternative fueled vehicles Americans are not going to buy them. No one wants to run out of fuel while looking for a place to fill up.
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Senator Wyden discusses legislation for tax incentives to support alternative fuel infrastructure.
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