Alternative Fuel Vehicle Fleets Exchange

EPAct 1992 established Alternative Fuel Vehicle (AFV)-acquisition requirements for State  and alternative fuel provider (SFP) fleets which DOE codified as the Alternative Fuel Transportation Program (AFTP) at 10 CFR 490 in March of 1996. Under the AFTP, SFP fleets must acquire AFVs as minimum percentages of their annual light duty vehicle (LDV) acquisitions (now 90 percent for alternative fuel provider fleets and 75 percent for State fleets. Generally, covered fleets under the AFTP are those State government entities and alternative fuel providers that own, operate, lease, or otherwise control 50 or more non-excluded LDVs, at least 20 of which are capable of being centrally fueled and are used primarily in a metropolitan statistical area (MSA) or consolidated MSA with a 1980 Census population of more than 250,000.

Under the AFTP, covered fleets can earn, sell, or purchase AFV-acquisition credits.  Section 508 of EPAct 1992 enables fleets to earn bankable and tradable credits by acquiring AFVs prior to or in excess of requirements.  Under the AFTP, DOE allocates one credit for each alternative fueled vehicle a fleet or covered person acquires that exceeds the number of alternative fueled vehicles that fleet or person is required to acquire in a model year. For fleets that have not met their AFV-acquisition requirement in a particular model year, purchasing or trading for AFV credits is a viable means by which to attain AFTP compliance. 

To assist regulated fleets meet their AFV-acquisition requirements, Mobilis Trading offers AFV-acquisition credit trading consistent with the AFTP rules set forth in 10 CFR Part 490.

Our easy-to-use online trading platform makes it possible for automakers, engine manufacturers, fuels producers, and fleet operators to buy and sell regulatory compliance credits via forward auctions and reverse auctions.
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In a Forward Auction, a company with excess credits initiates an auction to sell credits and companies needing credits bid to buy them. As the auction proceeds, bidding drives up the price of the credits. When the auction ends, the company that has offered to pay the most for the credits is the winner.

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In a Reverse Auction, a company needing credits initiates an auction to purchase credits and companies with excess credits bid to sell their credits to that company. As the auction proceeds, bidding drives the price of the credits down. When the auction ends, the company that has offered to sell their credits for the least amount of money is the winner.

See An Example