NEW YORK, NY--(Marketwire - Jan 15, 2013) - Growing pressure to reduce carbon emissions have caused a surge in demand for Natural Gas Vehicles (NGV). Natural gas is not only significantly cheaper than oil; it also emits 97 percent less carbon monoxide. Five Star Equities examines the outlook for companies in the Alternative Auto Parts Industry and provides equity research on Westport Innovations Inc. (
A major driver for the NGV market has been the demand for trucks and buses. As buses and trucks use a large amount of fuel, and in turn high levels of greenhouse gasses, natural gas as a fuel has become an attractive option. Pike Research has recently forecasted that there will be a total of nearly 1 million new natural gas trucks and buses sold worldwide by 2019.
"Natural gas vehicles emit substantially lower levels of GHGs, particulate matter, and nitrogen oxide than either gasoline- or diesel-powered trucks and buses," says senior research analyst Dave Hurst. "What's more, compared to diesel engines, natural gas provides a financial benefit. In most cases, the higher incremental cost of a natural gas vehicle is typically recovered, due to lower fuel costs, within two to seven years."
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Westport technology offers advanced LNG fueling systems with direct injection natural gas engine technology for heavy-duty vehicles such as highway trucks and off-road applications such as mining and rail. The company recently reported that natural gas powered versions of the Ford F-450 and F-550 Super Duty trucks will be available sometime in mid-2013.
Fuel Systems Solutions has global development and sales facilities on 5 continents and is well-positioned to meet the growing demand for alternative fuel solutions spurred by favorable trends such as government incentives and an increasingly stringent regulatory environment. The company is scheduled to present at the 15th Annual Needham Growth Conference on Thursday, January 17, 2013.
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