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Jul 13, 2009

ALTERNATIVE FUELS * USA - Incentives fueling natural gas vehicle usage

For the New York metro area, would require an NGV incentive program with an initial funding pool of $10 million

New York,NY,USA -Fleet Owner, by Sean Kilcarr -Jul 13, 2009: -- A recent study of government and private fleets operating in the New York metropolitan area finds that financial incentives are critical to boosting their acquisition and use of natural gas vehicles (NGVs)... Yet the study – conducted by independent consulting firm Emisstar LLC on behalf of the trade group Natural Gas Vehicles for America (NGV America) – also determined to function effectively, incentive programs need to tie vehicle funding directly to emission reductions, with fleets refunding money if they do not reach certain emission targets, while also allowing fleets to gain maximum resale value from the diesel and gasoline vehicles being replaced... For the New York metro area alone, then, Emisstar said its replacement vehicle calculations would require an NGV incentive program with an initial funding pool of $10 million...

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