Clean Energy (CLNE)

[bajista]

Interesting. This from page 7: While interested in attractive fuel cost differentials and demand of cleaner transportation from customers, the trucking industry has to date been reluctant to take the plunge on expensive equipment upgrades to natural gas. The logistics sector operates on thin margins and tight schedules and fueling station density is a critical issue. Barring large incentives, the conversion of heavy duty fleets to a new fuel is unlikely to take place rapidly because only 200,000 to 240,000 new vehicles come on the road each year. At present only 14% of fleets operate any vehicles on alternative fuels22. Fleet owners worry that supply chains for natural gas vehicles are not yet sufficiently robust to avoid higher maintenance costs than traditional diesel vehicles.