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