ALTERNATIVE FUELS * USA - Natural gas poised for growth in trucking
San Francisco,CAL,USA -Today's Trucking -16 Dec 2009: -- While passenger cars may be well-suited to hybrid and electric technology, natural gas makes more sense for the trucking industry, and would be taking off among fleets, were it not for the economy, according to David Woodburn, a sell-side research analyst for ThinkEquity... As part of its Oil & Gas Production and Distribution Report, the Wall Street Transcript conducted several interviews with industry executives, including Woodburn, who was drilled on the topic of natural gas... Woodburn doesn't believe hybrid and electric vehicles will catch on with fleets because of the weight of the battery, which can reduce the carrying capacity by 10 or 20 percent, he said... He points to a number of incentives in place to encourage adoption of natural gas, including an excise tax credit for the fuel itself of 50 cents a gallon equivalent. Federal tax credits are also available to fund the purchase of natural gas or alternative fuel vehicles. Woodburn also discusses the NAT GAS legislation, which was introduced in the House in April and in the Senate in the summer. This legislation, he said, would extend these tax credits and boost these incentives... (Photo from todoenunclick: Camion UPS with GNC fuel)* USA - Researchers Breaking Through Biofuel Production Barriers
Labels: clean alternative fuels
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