Natural gas vehicles are being developed because of increasing concerns about energy dependence, air quality and emissions, and, more recently, climate change. The major advantage of natural gas vehicles is their lower fuel cost. Several economic and technical factors such as limited range and availability of relevant infrastructure prevent widespread adoption of natural gas vehicles. A model for the financial analysis of the possibility of compressed natural gas (CNG) vehicles being competitive with gasoline-powered vehicles is offered. The model evaluates the extent to which commuters find adoption of CNG vehicles to be economically viable in the United States. The results indicate that the percentage of commuters who would adopt CNG vehicles is small, even if fueling infrastructure were fully developed and CNG vehicles were widely available for purchase. A larger number of vehicle miles traveled and increased gasoline prices encourage commuters to adopt CNG vehicles, while higher fuel economy and purchase price differentials result in lower adoption rates. In some cases, which vary in accordance with the values of the model’s parameters, commuters purchase a CNG vehicle as their second car and keep a gasoline-powered car as their first.


    Access

    Download

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    Compressed Natural Gas Vehicles: Financially Viable Option?


    Additional title:

    Transportation Research Record: Journal of the Transportation Research Board


    Contributors:


    Publication date :

    2016-01-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English



    Financially viable bus services

    Jackson, R. L. / Johnston, I. | TIBKAT | 1979


    Financially Viable Works Bus Services

    R. L. Jackson / I. Johnston | NTIS | 1979



    Deployment Strategies for a Financially Viable Remote Sensing Constellation

    Trujillo, Alejandro E. / de Neufville, Richard | IEEE | 2020


    LPG-A Viable Option For Alternative Fuel Vehicles

    Mohan, S. / Institute of Electronics and Telecommunications Engineers / Indian Institute of Technology | British Library Conference Proceedings | 2001