Friday, May 20, 2011
The category includes flex fuel (capable of burning gasoline, ethanol or methanol or any combination of these), natural gas, hydrogen, biodiesel, plug-in electric, and fuel cell. The bill will provide certainty to investors to produce alternative fuels and fueling stations. Below is the core of the bill, quoted from the bill itself:
Each manufacturer's fleet of covered vehicles for a particular model year shall be comprised of:
(1) not less than 50 percent qualified vehicles beginning in model year 2014;
(2) not less than 80 percent qualified vehicles beginning in model year 2016; and
(3) not less than 95 percent qualified vehicles beginning in model year 2017 and each subsequent year.
"Qualified vehicle" means a covered vehicle that:
(A) has been warranted by its manufacturer to operate solely on natural gas, hydrogen, or biodiesel;
(B) is a flexible fuel vehicle;
(C) is a plug-in electric drive vehicle;
(D) is propelled solely by fuel cell that produces power without the use of petroleum or a petroleum-based fuel; or
(E) is propelled solely by something other than an internal combustion engine, and produces power without the use of petroleum or a petroleum-based fuel;
The term `flexible fuel vehicle' means a vehicle that has been warranted by its manufacturer to operate on gasoline, E85, and M85.
The term `E85' means a fuel mixture containing 85 percent ethanol and 15 percent gasoline by volume;
The term `M85' means a fuel mixture containing 85 percent methanol and 15 percent gasoline by volume;
The term `biodiesel' means diesel fuel which has been produced from a non-petroleum feedstock and which meets the standards of ASTM D6751-03.
See a PDF document of the actual bill in its entirety by clicking here.
And to read a Fact Sheet on the bill, click here.
To help get this bill passed, click here.