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Originally Posted by accella4.4
Why in the heck don't we create private-sector tax incentives to establish hydogen fueling networks across the nation along with zero sales, income, and payroll tax for any US-based and US majority-owned company that designs, manufactures or sub-contracts to an entity which produces a viable hydrogen fueled internal combustion engine?
Additionally, establish 2 for 1 CAFE standard credits for every hydrogen powered vehicle on the road. Create tax credits for investors who buy stock in hydrogen power companies, etc.
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A few weeks ago Art Bell had on his radio program a guy who owns a company out in New Mexico that converts cars over to hydrogen fuel cells. Not only has he received no incentives from the government, but they have harassed him to death at every chance they get. He has been visited multiple times by every sort of building & health inspector you could imagine, he has been forced to pay large fees for various permits to operate his equipment, as well as many fines for what he says is trumped up BS, and he has been audited by the IRS every year his company has been in existance even though the IRS has never found anything.
Basically, all this harassment has raised his expenses considerably and have caused him to have to charge much higher prices. He also says he his offices have been broken into several times and trashed, even though the thiefs did not steal anything.
Anyway, I can assure you that not only is the government not going to give any incentive for this stuff, but they are going to do their best to make sure it never happens. They may give nice speaches, but it is all talk. The oil companies are too powerful and will make sure it never happens -- at least not in the near future.