Honda opens first compressed natural gas fueling station in Ohio despite CNG ... - Venture Capital Post
Honda Motor Co. was one of North America's leading proponents of natural gas in vehicles for more than 16 years. Even its Civic had factory-installed CNG-fueled powertrain from 1998 to 2015. But CNG Civic wasn't able to catch on and was discontinued in 2015, despite being one of North America's best-selling cars. Honda knows that the market for natural gas vehicle (NGV) in North America comes in fleet and commercial customers, not individual car owners. This is one of the major reasons why Honda opened up its first CNG refuelling station in its campus located at Marysville, Ohio. It is one of the largest numbers of vehicles manufactured in North America with hundreds of deliveries per day, making it an ideal place for a CNG refuelling station. The Natural Gas Refuelling Infrastructure of Navigant Research reports that the number of CNG refuelling station in North America is seen to grow to just more than 1,800 in the next 10 years from the present 1,560. That is a compound annual growth... Source: www.vcpost.com
