Alternative-Fuel and Electric Vehicles Markets Look to Benefit From Proposed Fuel Economy Standards
August 31 2012 - 8:20AM
Marketwired
The alternative-fuel vehicles market will look to benefit from new
fuel economy rules recently proposed by the Obama administration.
The new fuel economy standards will require auto manufacturers to
nearly double the average efficiency of cars and light trucks to
54.5 miles per gallon by 2025, and include incentives for the
production of electric and hybrid vehicles. Five Star Equities
examines the outlook for companies in the Alternative Auto Parts
Industry and provides equity research on Clean Energy Fuels Corp.
(NASDAQ: CLNE) and Quantum Fuel Systems Technologies (NASDAQ:
QTWW).
Access to the full company reports can be found at:
www.FiveStarEquities.com/CLNE
www.FiveStarEquities.com/QTWW
The new standards, which are aimed to cut fuel consumption and
greenhouse emissions, will increase pressure on manufacturers to
produce more alternative-fuel and electric vehicles. The
administration has said the new rules would see emissions slashed
by 50 percent by 2025, and would save Americans approximately $1.7
trillion in fuel costs.
"These fuel standards represent the single most important step
we've ever taken to reduce our dependence on foreign oil,"
President Obama said in a statement.
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Clean Energy Fuels is a provider of natural gas as an
alternative fuel for vehicle fleets in the United States and
Canada. The company designs, builds, operates, and maintains
fueling stations, as well as supplies compressed natural gas (CNG)
and liquefied natural gas (LNG) fuel for medium and heavy-duty
vehicles. Clean Energy reported that for the second quarter of 2012
gallons delivered totaled 48.6 million gallons, a 24 percent
increase from the 39.2 million gallons delivered in the same period
a year ago.
Quantum's portfolio of technologies includes electronic and
software controls, hybrid electric drive systems, natural gas and
hydrogen storage and metering systems and other alternative fuel
technologies and solutions that enable fuel efficient, low emission
hybrid, plug-in hybrid electric, fuel cell, and natural gas
vehicles.
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