September 9, 2011
by Fleet Management staff
Fleet Management: July-August 2011 Print Edition
Legislation has been introduced in the US to improve tax credits for fuel-cell powered vehicles to include fuel cells designed for heavy machinery and off-highway vehicles.
The current tax credit provides significant incentives to buyers of fuel cells for cars and trucks, and a separate credit for power generation, but neither credit specifically targets fuel cells designed for material handling vehicles. Passing the tax credit would mean a break of between $8,000 and $40,000 for buyers, depending on the nameplate kilowatt capacity or weight of the fuel cell material handling vehicle.
“Fuels cells save energy and help the environment regardless of whether they’re attached to a car or a forklift, and this new legislation will ensure that companies that produce either type
of vehicle are treated equally,” said Senator Charles Schumer.