There’s a cleaner way to run cars, but subsidies are killing it. From TTAC:
“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.
Looks like Obama picked another loser.