Will hydrogen fuel cell technology never develop because it can’t be taxed like gasoline?
Gasoline, diesel, and even biofuels can carry a per gallon federal tax. Federal tax on fuel exceeds oil company profits on fuel. Revenue from fuel tax is a major source of income for the treasury.
Federal money is being spent to develop biofuels rather than hydrogen fuel cells, a cleaner form of energy. Our we losing out on better source of energy because it can't raise the same amount of tax revenue as crude oil?
Comments
One Comment on Will hydrogen fuel cell technology never develop because it can’t be taxed like gasoline?
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avail_skillz on
Mon, 13th Apr 2009 9:49 pm
actually federal money is being used to develop hydrogen fuel cells.
Penn State U, has made some recent advances in Hydrogen production, to increase the yield vs substrate reacted.
The biggest problem industry is seeing with hydrogen is finding an organism that will efficiently produce enough product to keep up with demand.
It can be taxed like any other gas that is sold for industrial use.
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