Alternative Fuel Tax Credit Retroactively Extended for Propane Autogas Vehicles
The Propane Education & Research Council is encouraging propane autogas fleet operators to take advantage of the Alternative Fuel Tax Credit, which was recently passed by the U.S. Congress as part of the Inflation Reduction Act, 2022.
Propane autogas fleet operators who apply for the tax credit will be able to claim a credit for every gasoline gallon equivalent of propane autogas purchased, or about 37 cents per gallon. The bill not only extends the credits through Dec. 31, 2024, but fleet owners can also apply for credits retroactively for any fuel purchases made in 2022. Tax exempt entities that use propane autogas from an on-site fueling station for a vehicle fleet also qualify for the incentive.
“Thousands of fleets across the country rely on propane autogas every day for environmental sustainability, and these credits provide another opportunity for fleets to ensure they’re also realizing financial sustainability,” said Steve Whaley, director of autogas business development at PERC. “Even without the credits, propane autogas provides the lowest total cost-of-ownership. As an abundant and available energy source, propane autogas can make a difference in communities around the nation today.”
Solera Research Indicates Fear of Winter of Discontent Among European Fleets
Solera Holdings, LLC released its latest research that reinforces European fleet managers are facing an unprecedented winter of high fuel costs, driver shortages, and continuing fears of a global recession that is likely to make 2023 one of their most challenging years to date.
The study reveals leaders across Europe are turning to technology to address these conditions, improve overall growth, as well as enhance driver experience and safety.
Fuel costs are the number one challenge fleet leaders are worried about heading into 2023 (59%), rising to 66% of last-mile fleets, where fuel represents a much bigger proportion of overall costs. This is because over half of fleets (76%) say their fuel costs have increased in the past six months, with oil prices set to rise even higher next year.
Car IQ Joins Visa’s Fintech Fast Track Program
Car IQ today announced it has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with Visa, a world leader in digital payments.
As a Fintech Fast Track partner, Car IQ can more easily leverage the reach, capabilities, and security that VisaNet, the company’s global payment network, offers.
This new offering will give Car IQ the ability to extend the reach of its payment solution that provides fleet customers an easier, more secure way to pay for fuel, parking, and more. Car IQ Pay’s proprietary technology simplifies the payment process by allowing any vehicle to connect directly to a merchant and pay for services without using a credit card. Car IQ validates the vehicle when it arrives at a fueling location, approves the source of funds and turns on the pump. Once fueling is complete, Car IQ Pay enables the vehicle to pay for the fuel and verify the fuel was received.
Verizon Connect Introduces New EV features for Reveal
New enhancements to Verizon Connect Reveal, developed exclusively for EVs, help fleet-based businesses plan how to make more informed decisions about planning for, investing in and managing EVs.
Mobile workforce managers looking to make more informed investment and planning decisions as they consider moving to electric vehicles (EVs) from their gasoline-powered ones will benefit from new enhancements, developed exclusively for EVs, in the Verizon Connect Reveal fleet management platform.
Agile Fleet® Expands Team with Key Hires Throughout 2022
Ted Cain, Vice President of Sales and Mike Hicks, Senior Director of Marketing, continue company's internal growth efforts throughout this year.
Agile Fleet continues to add talent to its team to support the growing need for its products that increase fleet utilization and help right-size fleets in light of the changes in fleet brought on by, amongst other things, the global pandemic and economic hard times.
Two new employees join the company in Q3: Ted Cain, Vice President of Sales; and Mike Hicks, Senior Director of Marketing. They arrive after the promotion of Phelps Rogovoy to Vice President of Client Support Services in March.
