Trade Resources Market View A Program That Will Subsidize 30% of The Cost Premium of Natural Gas Trucks

A Program That Will Subsidize 30% of The Cost Premium of Natural Gas Trucks

Quebec has announced a program that will subsidize 30% of the cost premium of natural gas trucks.

The rebate will cover 30% of up to $75,000 of the additional cost natural gas adds to the price of a vehicle.

The announcement drew praise from Gaz Metro, which operates a number of natural gas fuelling stations in the province.

"The measures announced today are important, because they will help speed up the use of natural gas as fuel, resulting in an immediate reduction of up to 25% in GHG emissions," said Sophie Brochu, president and CEO of Gaz Metro.

Robert Transport is the highest profile user of natural gas trucks in Quebec. The fuel emits up to 25% less GHG than diesel and is about 20% less expensive to purchase. The transportation sector contributes about 42.5% of all GHG produced in the province.

Source: http://www.trucknews.com/news/gaz-metro-applauds-quebec-program-that-subsidizes-natural-gas-trucks/1002701829/
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GAZ Metro Applauds Quebec Program That Subsidizes Natural Gas Trucks