Will Natural Gas Vehicles Ever Catch On?
Today, analyst Joel South will discuss Wednesday's Senate committee hearing on natural gas and transportation as well as obstacles that need to be overcome. Dr. Michael Gallagher, advisor and former president of Westport Energy, addressed the Senate committee and explained the issue with natural gas transportation and infrastructure build-out. Proponents of natural gas vehicles see being on an equal competitive footing with electric and gas/diesel vehicles is essential if NGV's are to become ubiquitous. With only 1,000 fueling stations in the United States, 50% open for public use, headwinds are strong, but with the largest glut of natural gas of all time, progress will continue. Check out the video below for more details.
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The article Will Natural Gas Vehicles Ever Catch On? originally appeared on Fool.com.Joel South has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.