Natural Gas Vehicle Financial Incentive Programs Help Reduce Emissions

The growing problem of reduce emissions has become a concern and various tactics to try and reduce them comes in various forms and resolutions. And if there is one driving factor that helps in reducing these harmful carbon emissions, it is that of financial incentive programs as proven by Emisstar LLC.

Emisstar Principal Glenn Goldstein said, “Our aim with this study was to analyze existing incentive-based emissions reduction approaches nationwide, and to recommend how a regional NGV financial incentive program could be developed and implemented in the New York area.” The Emisstar report was commissioned by NGV America, a national organization dedicated to the development of a growing, sustainable and profitable market for vehicles powered by natural gas or hydrogen.

The Emisstar report suggests a specific framework for a regional natural gas program that would offer incentives for the replacement of Class 6 through Class 8 diesel-fueled vehicles with new vehicles powered by natural gas. The report provides detailed recommendations regarding administrative processes and program criteria including vehicle eligibility, scrapping requirements, funding sources and thresholds based on emissions reduced.

(Source) Press

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