Hydrogen Transportation Wins Over Growing Reliance on Oil (H2 GROW) Act

The Hydrogen Transportation Wins Over Growing Reliance on Oil (H2 GROW) Act aims to reduce national dependence on foreign oil by accelerating the adoption of hydrogen fuel cell technology. The bill proposes a variety of financial incentives, including tax credits, deductions, and income exemptions, to lower the costs for businesses and individuals who produce hydrogen or purchase fuel cell vehicles. Additionally, it sets a mandate for the federal government to incorporate hydrogen vehicles into its own fleets and establishes a national goal to replace 30 million barrels of foreign oil with hydrogen energy by the end of 2012.