Newly introduced bill in the US will encourage fleets to use retreads
The U.S. Tire Manufacturers Association (USTMA) and its member companies stand in support of H.R. 8165, the Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022, introduced this week by Congressman Tim Ryan (OH-13). The bill would provide tax credits for fleet purchases of U.S. retreaded commercial tires. “Retreading of commercial tires in the U.S. market has steadily decreased over the last 25 years, due in part to foreign alternatives for new tires, which are 65 percent less likely to be retreaded because of their design and construction,” said Anne Forristall Luke, president and CEO of USTMA.