A push for cheaper, safer natural gas cars

President Obama wants more natural gas development, and with it he wants to see more natural gas powered cars on American streets. He announced Thursday a $30 million R&D fund to develop technologies that will make natural gas cars cheaper and safer to drive and refuel.

How the Economics of Natural Gas Vehicles Works

Converting a gas-powered vehicle to run on natural gas can add upwards of $10,000 dollars to the cost of a vehicle — depending on tank size, production volume and other factors. “It’s not exactly cheap,” BAF Technologies President John Bacon told us today. So why are companies like AT&T — which just tapped BAF for what Bacon says is the company’s largest-ever single order of natural gas vehicle conversions — taking the plunge and investing in this technology?
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