With today’s ever rising cost of oil, Natural Gas Vehicles make economical sense. In Utah, natural gas is selling for $0.63 per equivalent gallon of gasoline. Fuel savings along with environmental benefits combine to make Natural Gas the ideal fuel source.
Federal Tax Incentive
Alternative fueling station credit: Federal tax credit equal to 30% of refueling equipment placed into service that year, with a maximum $30,000 credit per year. Credit is in effect on all equipment placed into service after December 31, 2005.
Cleaner Burning Fuel
Natural gas in of itself is a cleaner burning fuel than gasoline or diesel fuels. Natural gas contains less carbon than any other fossil fuel and, therefore will produce less carbon Dioxide (CO2) per mile than conventional vehicles. NGV’s also emit significantly less carbon monoxide (CO), about 70% less, as well as less volatile organic compounds than their gasoline counterparts. Each of these by-products play a crucial role in the formation of greenhouse gases.
NGV’s dramatically reduced tailpipe emissions.
According to the Natural Gas Vehicle Coalition, a typical NGV can reduce exhaust emissions by:
Carbon Monoxide (CO) by 70%
Non-methane organic gas (NMOG) by 87%
Nitrogen Oxides (NOx) by 87%
Carbon Dioxide (CO2) by almost 20% below that of gasoline vehicles.
Another distinct advantage of Natural Gas is the fact that this is a domestically produced fuel source. By utilizing natural gas as a vehicular fuel we, as a nation, reduce our dependence on foreign oil.
Natural Gas is a less expensive, clean burning, domestically produced fuel. There couldn’t be a better combination.