Thursday, April 14, 2011

Why Chrysler Is Rolling Out Natural Gas Vehicles In 2017

via onlineautobrochure.com

Somewhere, oil tycoon and natural-gas cheerleader T. Boone Pickens is smiling. Chrysler announced this week that it will start selling compressed natural-gas vehicles by 2017. But why is the automaker investing in yet another alternative technology when electric vehicles have car companies, charge-station manufacturers, and even the government on their side? The answer: it's complicated. And money. The answer is always money.

For one, compressed natural-gas vehicles are cheaper than electric cars. The vehicles contain compressed gas tanks instead of pricey lithium-ion batteries. Honda's Civic GX CNG vehicle costs $25,490--compare that to the Chevy Volt, which cost $41,000 before tax credits, or the Nissan Leaf, which starts at $32,000 before credits (these are considered the most affordable of the new batch of electric cars). Continue reading here.

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