The abundance of natural gas in the United States has countless entrepreneurs trying to figure out which direction to head for profits. Clearly, natural gas-powered vehicles are a great idea and have been in the works for quite some time. Thanks to T. Boone Pickens and his Clean Energy Fuels , the future of vehicles driven by natural gas appears to finally be reaching a point of inflection.Â
After finishing the first 70 stations of its "Americas Natural Gas Highway" initiative, the company is seeing some gains early in 2013. In its first quarter of the year it sold 14% more fuel that at the same time last year. Fleet vehicles have been the early adopters of natural gas as a fuel source, but the addition of consumer vehicles running on natural gas would certainly raise the speed limit of revenue growth.
Major companies have bought in already. And with Cummins and Westport Innovations teaming up to produce heavy-duty, long-haul engines the transportation industry in the United States could be in the process of a revolution. For more details, tune in to the following video.
The movement toward alternative energy is gaining momentum. One potential opportunity in this field is Clean Energy Fuels, which focuses its natural gas efforts primarily on trucking and fleets. It's poised to make a big impact on an essential industry. Learn everything you need to know about Clean Energy Fuels in The Motley Fool's premium research report on the company. Just click here now to claim your copy today.
This article was originally published as This Natural Gas Vehicle Trend Is Gaining Tractionon Fool.com
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