As utility fleets continue to search for cleaner-burning vehicles that operate more efficiently and use lower-cost fuel, the business case for natural gas vehicles (NGVs) is becoming clearer thanks to advancements in vehicle technologies and evolving infrastructure.
And yet, the recent decrease in oil prices – which is being driven, in particular, by a slowing global economy and increased supplies of shale gas in the U.S. – has left some people wondering about the future of NGVs. Do they still offer an economically viable solution for utility fleets? How will the decrease in oil prices impact initiatives to switch to clean-energy vehicles?
“Despite the current low cost of oil, natural gas still enjoys substantial cost savings compared to gasoline and diesel,” said Matthew Godlewski, president of NGVAmerica (www.ngvamerica.org), an organization dedicated to the development of a sustainable market for vehicles powered by natural gas or biomethane. “Utility fleets that have already begun to make the switch to natural gas and have seen its economic and other benefits firsthand are continuing to stay the course.”