The growing argument for transportation fuel change in the United States has stimulated a group of 15 companies to create a new advocacy group — The Florida Natural Gas Vehicle Coalition (FNGVC). FNGVC advocates incentives similar to those in Texas and nearly a dozen other states, that offer grants, tax credits and other incentives for the purchase of NGVs (natural gas vehicles).
FNGVC has also released an Economic Impact Study showing NGV incentives could create over 10,000 jobs, $300 million in new wages and $1 billion dollars in economic output over two decades in the state. Study results can be accessed on the “Public Policy” section of the coalition’s website. Coalition Chair, Eric Criss, said of the study, “This is big news for job seekers in Florida. Our most conservative calculations show an NGV incentive program could produce hundreds of millions of dollars in new wages, with taxpayers reimbursed one hundred percent.”
Coalition Chair Criss explained why businesses are turning to NGVs: “We have reached the tipping point for NGVs – the technology is already in use across the nation and around the world. Moreover, businesses are desperate to cut their fuel costs. AAA reported the largest July increase for the national average retail gas price in more than a dozen years. Prices rose 36 of 39 days.”
Editor Note: AAA is the American Automobile Association
(This article compiled using information from a FNGVC press release)