President Obama has recently directed the Environmental Protection Agency and the Department of Transportation to begin working on a new round of fuel efficiency standards for medium- and heavy-duty trucks. He stated that the improvement of truck fuel efficiency would reduce carbon dioxide emissions, lower fuel costs and subsequently lower the prices of consumer goods. “It’s not just a win-win, it’s a win-win-win,” he said. “We got three wins.” The trucking industry generates 20% of transportation greenhouse gasses, but represents only 4% of the vehicles on the road. The administration will provide tax credits for companies that make the trucks and companies that build fuel infrastructure “so that trucks running on biodiesel or natural gas or hybrid electric technology will have more places to fill up.” You can find out more by clicking here.
* On approved credit