CNG Developer: Incentives? We Don’t Need No Stinking Incentives
We do not need incentives for natural gas technology to drive adoption, Bill Larkin, CFO of Westport Innovations, a Vancouver-based developer of technology that allows truck and bus engines to run on natural gas, told Reuters in an interview:
It actually hurts the investment in this technology because the U.S. government has been dangling this carrot and so investments are delayed.
While billions of tax payer money are spent on electrification programs with dubious prospects (and a few certain duds,) the U.S. sits on a mountain of natural gas. Prices of natural gas are coming off decade lows as production soars from U.S. shale fields.
Larkin is glad that the U.S. Senates rejected proposed tax incentives for long-haul trucks and commercial vehicles to switch to CNG. At about $1.33 per... [via Thetruthaboutcars]
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