- News Story
Alt Fuel Industry Looks to ‘Perfect Storm’ to Help Spur Fleet Interest
May 13, 2022
Source: Commercial Carrier Journal
While public and private funding for alt fuel vehicles in the U.S. and Canada is increasing sharply, credit value through California’s Low Carbon Fuel Standard has taken a big hit thanks largely to growing competition in the mandated push to go green.
During a main stage session this week at the Advanced Clean Transportation Expo in Long Beach – a clean transportation trade show that saw record attendance this year – event host Erik Neandross, CEO of Gladstein, Neandross & Associates, the consulting firm behind ACT, talked of swelling investments as well as diminishing LCFS credits that help fleets transition to costly alt fuel powertrains.
That news comes as other states look to California to adopt similar credit-based programs.