Repeals the limitation of such allocations to a maximum of 50 percent of the alternative fueled vehicle requirements of a fleet or covered person. (Thus makes such credits available for 100 percent of such requirements.)
Repeals the current denial that such a credit may be considered a specified kind of alternative fueled vehicle credit (thus allowing such consideration).
Directs the Secretary of Energy to study and report to Congress on the availability and cost of: (1) light duty motor vehicles that qualify under such Act as alternative fueled vehicles; and (2) fuels that qualify as alternative fuels.