Natural Gas Vehicles Will Catch On

According to the Bloomberg Businessweek, there could be 25 million natural gas vehicles on roads worldwide by 2019. The gas shale revolution turned the U.S. into the world’s second-largest natural gas producer, and increased supply enough to meet current U.S. consumption for 100 years.

The U.S. already has 1,000 natural gas fueling stations (half of which are open to the public), and about 120,000 natural gas-powered vehicles. There are more than 15.2 million natural gas vehicles worldwide, according to Natural Gas Vehicles for America.

“Commercial vehicles, which generally rack up two or more times the annual mileage of consumer cars, are going first. In the last year many companies including GE, UPS, etc. have announced plans to begin or expand conversions of their fleets to natural gas.”

Source: Bloomberg Businessweek

 

By Gaylen Davenport

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About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.

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