The Unique Potential of NGVs as True Mass-Market Alternative Fuel Vehicles
NGVs have an unsurpassed potential among today’s alternative fuel vehicles for adoption by mass-market consumers.
- Low Cost Fuel: Low and stable U.S. natural gas prices allow consumers and fleets to save on fuel costs.
- Proven Technology: NGVs are based on the same proven internal combustion engine technology as gasoline vehicles, and will have similar costs with high-volume production.
- Familiar Vehicle Operation and Selection: NGVs have similar range and refueling time to gasoline vehicles, and are available across a full range of vehicle types – from sedans to pickup trucks.
For all these reasons, a study conducted for the Department of Energy found that NGVs have potential to account for 17% of the light-duty vehicle market by 2020 – nearly twice as much electric and plug-in hybrid vehicles combined.