PEI executive vice president Robert Renkes says the goal of the Coalition is to protect the investments of 2,500 small businesses and stop a multimillion-dollar tax hike on consumers. “Fuel marketers, equipment manufacturers and the motoring public have invested a significant amount of money in building the E85 infrastructure and flex-fueled vehicles,” said Renkes. “We must not abandon E85 this close to self-sustainability.”
According to the Energy Information Administration, Flexible Fuel Vehicles (FFVs) capable of running on up to 85% ethanol fuel represent approximately 98 percent of all the alternative fuel vehicles operating on the nation’s highways. “E85 represents a form of liquid transportation fuel that is growing in use and has an infrastructure investment cost similar to unleaded gasoline,” said Renkes. “Following the lead of the Congress and several recent presidents, many of our members have committed to the production of E85 fueling equipment, and we call on the Congress and Obama Administration to maintain the small incentives provided to advance the sale of E85.”
Currently, other alternative fuels, such as compressed natural gas, propane and hydrogen, receive a $0.50 per gallon tax credit as part of the Alternative Fuel Credit and the Coalition believes E85 should be included as well.