On Thursday, Clean Energy Fuels Corp. (NASDAQ: CLNE) announced it had opened its first liquefied natural gas (LNG) station in Florida, and two new highway stations in Florida and California specifically for fueling natural gas-powered heavy trucks.
Clean Energy noted a 70 percent increase in sales of natural gas-powered vehicles in 2013 over the previous year, including compressed natural gas buses, transit taxis, and trucks. At the end of 2013, the company had 19 service stations open to the public, and these new stations are a part of the company’s planned growth throughout 2014.
Electric Car Market Growth Soars in 2013
Though Clean Energy sees a future in LNG vehicles, the future looks much brighter for electric ones. Production of electric vehicles rose, and their retail price fell in 2013.
The Chevy Volt, Nissan Leaf, Ford Focus Electric, and Mitsubishi I all went down in price, and their place in the United States market flourished. As the cost of batteries drops, and intelligent software skims miles off of energy consumption, their growth is only going to balloon. Find out why we were wrong about electric cars last year, and how our outlook has totally changed.