Sales of natural gas vehicles evaporate
Last summer, with gasoline prices in the ionosphere, interest in cars that ran on compressed natural gas (instead of the liquid stuff) surged. When oil prices collapsed ... not so much.
Among the victims of the short-lived natural gas hype are car sales professionals like Alex Tissot, who, as general manager of Colonial Honda in Glendale, ordered up a mess of natural gas-powered Honda Civic GX sedans last summer, only to find them impossible to sell as the price of fuel dropped below the $2.50 mark.
He and others are victims of a sales problem described in today's paper: Crashing demand for alternative powertrain vehicles as gas prices decline.
At the height of the gasoline crisis, ordering up 10 natural gas cars seemed like a great idea. After all, when the average price of a gallon of unleaded is $4.11, buying a vehicle that runs on compressed methane at the equivalent per-gallon price of about $2.20 -- and spewing out fewer contaminants while you're at it -- makes a lot of sense.
Natural gas mania swept the nation. Scarcely 10 days after gas hit that high water mark on July 7, then-Rep. Rahm Emanuel (D-ll) introduced legislation requiring U.S. automakers to make 10% of their fleets run on natural gas within a decade.
As the maker of the only natural-gas-powered passenger car available to consumers, Honda Motor Co. smelled a market opportunity big enough to drive, well, a compact sedan through....
