Ronn Motor Group Inc (RONN)

[Mr. Zen]

Reinstate the Alternative Fuel Refueling Property Credit for ten years, and raise the cap for hydrogen fueling stations to $100,000, and allow the credit to be applied to any single refueling property, rather than be based on the facility location

· Create a new Clean Vehicle Credit which includes fuel cell electric vehicles (FCEVs), providing $7,500 in credits for new purchases and up to $4,000 for used clean vehicles.

· In addition to consumer vehicles, a new Commercial Clean Vehicle credit will also go into effect for fleet operators, providing up to $40,000 which can be applied to fuel cell electric trucks and buses that are being tested and deployed around the U.S.

Lastly, in addition to tax provisions, the proposal offers several grant and funding opportunities that can help to advance manufacturing and deployment of hydrogen and fuel cell technologies. The legislation includes:

· $500 million to support the declaration earlier this year to utilize the Defense Production Act to support climate manufacturing.

· $3 billion for manufacturer loans for advanced technology vehicles

· $2 billion in grants for the domestic production of a variety of electric vehicles.

· Other funds will be available to support deployment of heavy-duty zero-emissions vehicles, decarbonize ports, and develop advanced industrial facilities.