Washington, D.C. – A new proposed U.S. law will bring competition to fuel pumps, according to the bipartisan House Members who drafted it.
If passed, the technology-neutral Open Fuel Standard (OFS) “is a key step to break the cycle of pain at the pump,” the members said.
The OFS would require vehicles to operate on non-petroleum fuels in addition to, or instead of petroleum-based fuels. The standard would apply to 50 per cent of new automobiles in 2014, 80 per cent in 2016, and 96 per cent in 2017. Compliance possibilities include the full array of existing technologies, including ethanol, natural gas, hydrogen, biodiesel, plug-in electric drive and fuel cell, and a catch-all for new technologies.
The requirement would provide certainty to investors to produce alternative fuels, and fuelling stations to have a variety of pumps supplying those fuels, the group said.