Source: Rocky Mountain Institute outlet
(Editor’s Note: This is the second in a series examining vehicles powered by natural gas. Read the first post here.)
The value proposition of natural gas vehicles varies widely by application. Fleets with high utilization and poor gas mileage, for example, can reap significant near-term value from the switch to natural gas.
In April, Colorado Governor John Hickenlooper sent a letter to the CEOs of 19 automakers, asking them to commit to manufacturing natural gas vehicles (NGVs). His letter included signatures from governors of 12 states, all committing to a bulk purchase of NGVs—the idea being to spur the growth of a relatively niche market and reduce costs through economies of scale.