Colorado Car Sales Rising; Compressed Natural Gas Cars Included
Colorado Governor John Hickenlooper and Oklahoma Governor Mary Fallin lead a coalition of 22 U.S. governors who say their states would be willing to buy up to 10,000 new compressed natural gas (CNG) cars and pickups per year, according to a Five Star Equities (FSE) press release appearing on Investors.com. Providing a market for CNG vehicles gives automakers an incentive to lower the costs of natural gas vehicles, which run about $10,000 more than their gasoline counterparts, the release says.
Fallin said so far the initiative has been “enormously” successful:
We asked auto manufacturers to develop products that were more affordable and functional. With the combined purchasing power of our 22 states, we successfully provided the incentive to do so. States will now have the incentive and ability to begin converting their fleets to CNG while saving millions of dollars in taxpayer money.
An opinion piece on Seeking Alpha, by Michael Fitzsimmons, says that signs point to electric cars being “doomed,” while natural gas vehicles are increasingly more in demand. He writes that the U.S. needs to find an alternative to vehicles with gasoline-powered internal combustion engines because of the high cost of fuel, dependency on foreign oil, and also because of the toxic effects that oil refineries and gasoline- and diesel-powered vehicles have on the environment, including global warming. Fitzsimmons adds: “The national security risks of being dependent on foreign oil producers cannot be overstated.”
The FSE press release says that the U.S. holds a minimum of 100 years’ worth of proven natural gas reserves, according to estimates by the U.S. Energy Information Administration and the Potential Gas Committee.
Fitzsimmons writes that the only “pure” NGV that is widely available in the U.S. is the Honda Civic GX, and notes it has won awards like Motor Trend’s “Car of the Year” (2006) and the 2012 “Green Car of the Year” by the Green Car Journal at the November 2011 Los Angeles Auto Show. It has a range of 200 miles, he writes, and can be refueled in your garage overnight while you sleep.
“As I have been saying for years now, natural gas transportation is the best way to significantly reduce the economic, national security, and environmental problems as a result of America’s addiction to foreign oil,” he writes.
In another Colorado car-buying news item, the Denver Business Journal’s Mark Harden reports that registrations of new cars and trucks in Colorado increased by 29.7% in September as compared with September 2011, and rose 21.9% for the first nine months of 2012, according to the Colorado Automobile Dealers Association (CADA).
Harden quotes CADA’s President Tim Jackson, who said in a statement:
‘We’re seeing a healthy trend as consumers are taking advantage of historically low interest rates and much easier access to credit. Also, they are replacing their older vehicles from a wide variety of new products and fuel-efficient models.’ […]
The brands with the biggest sales increases year to date were Jeep (up 50.1 percent), followed by Chrysler, Volkswagen, Toyota, Acura, Land Rover and Infiniti.
A recent article appearing on HeraldOnline.com says that Edmunds.com reports the Coloradans are among the top buyers of electric vehicles in the U.S.:
Edmunds.com’s analysis of Polk’s new car registration data finds that 2.2 percent of all new electric vehicles sold so far in the U.S. this year were registered in Colorado, ranking the state 14th in the country. This rate is more than one and a half times the state’s share of all new car registrations in the U.S., where Colorado ranks 23rd overall at 1.4 percent. The Centennial State also buys a slightly higher proportion of the country’s hybrid vehicles (1.5%), ranking 20th in the nation.
You can see an article about an app for finding compressed natural gas on the road on Edmunds.com here: http://www.edmunds.com/car-technology/automotive-apps/automotive-app-of-the-week-greenfuel.html.