The Propane Green Autogas Solutions Act (“Propane GAS Act”) of 2011 offers significant economic growth, environmental and energy security benefits to the American economy, according to a study by the National Propane Gas Association. The study projects that the Propane Gas Act’s impact on jobs and the economy will be significant. The growth in propane vehicle sales and use created by the tax credits will generate an increase in economic activity that peaks at between $4 billion and $5.7 billion per year in 2016. That translates to between 30,000 and 42,000 new jobs created by 2016.
Propane is an inherently clean-burning fuel due to its lower carbon content. When used as a vehicle fuel, propane can offer life cycle greenhouse (GHG) emissions benefits over conventional fuels, depending on vehicle type, and drive cycle. In addition, using propane in place of petroleum-based fuels may reduce some tailpipe emissions.
Because propane is a low-carbon fuel, a switch to propane in these applications can result in substantial reductions of hydrocarbon, carbon monoxide, oxides of nitrogen, and greenhouse gas emissions.