Natural Gas Vehicles Poised to Penetrate U.S. Long Haul Trucking Fleet, IHS CERA Report Says
Even without government incentives operators can recoup costs of vehicle in just over three years
Vehicles fueled by liquid natural gas (LNG) are poised to penetrate heavy duty trucking due to low natural gas prices resulting from the United States’ unconventional gas boom, according to a new IHS Cambridge Energy Research Associates (IHS CERA) report. Unlike light-duty vehicles (LDVs), the economics are favorable to both vehicle owners and LNG suppliers, the report says.
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