Tuesday June 29, 4:01 pm Eastern Time
Company Press Release
SOURCE: Alliance of Automobile Manufacturers
Statement on Proposed Tax Incentives for Advanced
Vehicles By Josephine S. Cooper, President, Alliance
of Automobile Manufacturers, In Response to
Legislation Introduced Today By Congressman Robert
T. Matsui (D-CA-05)
WASHINGTON, June 29 /PRNewswire/ -- The following is a statement by Josephine S. Cooper, President of the Alliance of
Automobile Manufacturers:
''The Alliance of Automobile Manufacturers supports the concept of consumer incentives to offset the high costs of bringing
vehicles with advanced technology to market. Such consumer incentives include federal tax credits applied to the purchase of
advanced vehicles such as electric cars, hybrid electric vehicles, and cars with fuel cells. These vehicles, with their technological
breakthroughs, pose great benefits for the public by reducing gasoline consumption and thereby reducing carbon dioxide
emissions. The Alliance and its members look forward to working with all parties to encourage the rapid deployment of these
promising technologies.
''The Alliance continues to support clean air, clean fuels, and clean vehicles. In the last 25 years, the auto industry has done
more than any other sector to improve the quality of our air. One of the ways we are continuing this effort is through the
voluntary National Low Emissions Vehicle (NLEV) commitment, a program that achieves greater vehicle emissions reductions
than are currently required.
''The Alliance also continues to support the merits of our Tier II proposal, a 10-year strategy for even cleaner vehicles and
cleaner fuels that is based on sound science and advanced technology. However, we need near zero sulfur fuels to reach the
clean air goals since sulfur in gasoline cancels out the benefits of advanced technology.
''Clearly, automakers are committed to fuel efficiency, to advancing technology, and to meeting consumer expectations.''
SOURCE: Alliance of Automobile Manufacturers
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