Here’s some extra economic load courtesy of the peoples economic recovery plan. PERP. When you have to pay extra to force people to do something, that thing is likely a stupid one.
The NTEA organization actually believes they may benefit. Failing to even mentioning that there just might be additional economic load on their customers who just bought the trucks that use the fuel. Even subsidized economic load is economic load. I’ll never cease being amazed that people have such difficulty with seeing the second step in a logic pattern.
1- Step 1 -Customer get government money, buy truck
2- Step 2 – Customer’s customer pay more for tax less for goods
3- Step 3 – Customer buy less truck
I don’t care how people spin it, load is load and this is a load.
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DOE Announces $300 Million in Clean Cities Grants — NTEA Members Could Benefit
On Aug. 26, the Department of Energy (DOE) announced the selection of 25 cost-share projects under the Clean Cities program that will be funded with nearly $300 million from the American Recovery and Reinvestment Act (ARRA). These funds will be matched by the grant recipients.
Projects funded by these grants will result in the addition of more than 9,000 light-, medium- and heavy-duty vehicles using alternative fuels and technologies to the nation’s fleet. These grants will also fund the establishment of 542 refueling locations across the country. The vehicles and infrastructure being funded include the use of natural and renewable gas, propane, ethanol, biodiesel, electricity and hybrid technologies.
On Aug. 27, the Environmental Protection Agency (EPA) announced three ARRA grants totaling $20 million in funding for the SmartWay Clean Diesel Finance Program. According to the EPA, these grants will fund the purchase of new, cleaner or retrofitted vehicles and equipment, protecting air quality and creating and retaining jobs in three communities across the country.
In its press release on the Clean Cities grants, the DOE said that “ …with the cost-share contributions from the recipients, every federal dollar spent will be matched by nearly two dollars from the project partners.” The original grant application required at least 50% cost-share by the recipients, but as a result of the way the cost-share is calculated, the final awards resulted in an even greater cost-share. For example, conversions required at least 50% of the cost to be contributed by the grant recipient, but for new vehicles, grants allowed federal funding of the entire “incremental ” cost while allowing the entire “base” cost of the vehicles to be counted as match.
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