Automakers, Congress and natural gas producers aim for more CNG infrastructure investment
Around this time last year, President Obama laid out an incentive plan to put 1 million plug-in electric and hybrid vehicles on U.S. roadways by 2015.
Until recently, U.S. efforts toward developing alternative-fueled vehicles have focused primarily on electric and hybrid technologies. But with natural gas prices hitting 10-year lows driven by shale gas drilling, more politicians and business leaders are touting the potential of natural gas-powered vehicles.
Several natural gas producers have announced partnerships in recent months to make the technology more widely available. In addition, Obama proposed during a March 7 visit to a truck manufacturing plant in North Carolina a $1 billion plan to bring more alternative-energy vehicles to market. This includes the development of up to five regional liquefied natural gas fueling areas for trucks.
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