$25 Billion in US budget savings from switching federal freight shipments to carriers using alternative fuels

A new report from a Washington, DC, energy policy group urges the federal government to begin allocating its US$150 billion budget for transport services to carriers that fuel their fleets on domestically produced natural gas, electricity, biofuels and other alternatives to diesel and gasoline.
August 3, 2012 Read time: 2 mins
A new report from a Washington, DC, energy policy group urges the federal government to begin allocating its US$150 billion budget for transport services to carriers that fuel their fleets on domestically produced natural gas, electricity, biofuels and other alternatives to diesel and gasoline.

The report, by the non-profit 6310 American Clean Skies Foundation (ACSF), says a switch of just 20 per cent of the US government’s business to freight and package carriers using alternative fuels would lead to taxpayer savings of up to $7 billion annually and approximately $25 billion by 2025 (assuming a gradual fuel shift, beginning in 2015). Much of the savings is attributable to reduced fuel costs because major alternatives, such as compressed natural gas (CNG), cost less per gallon than petroleum-based fuels.

The 55-page ACSF report -- Oil Shift: The Case for Switching Federal Transportation Spending to Alternative Fuel Vehicles -- finds that shifting federal transportation contracts to vans and trucks running on alternative fuels could reduce oil imports by billions of gallons annually; cut greenhouse gas (GHG) pollution by over 20 million metric tons a year; and stimulate the nationwide introduction of tens of thousands of new alternative fuel vehicles.

A copy of the 61-page report in pdf format is available at this link.

For more information on companies in this article

Related Content

  • Development banks pledge US$175 billion for clean transport
    June 21, 2012
    Eight of the world’s largest multilateral development banks (MDBs) banks yesterday pledged to invest US$175 billion over the next 10 years to support sustainable transport in developing countries. The pledge was made at the UN Sustainable Development Conference in Rio de Janeiro (Rio+20) by the African Development Bank, Asian Development Bank, CAF- Development Bank of Latin America, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Islamic Developme
    Read More
  • Oklahoma interstates and highways designated as Alternative Fuel Corridors
    November 22, 2016
    The Oklahoma Federal Highway Administration has designated the I-35, I-40 and I-44 highways as alternative fuel corridors, a special designation aimed at improving the mobility of passenger and commercial vehicles that run on alternative fuels. This new designation means special highway signage indicating the nearest alternative fuelling station will eventually be placed along these highways by the Oklahoma Department of Transportation. The federal Fixing America’s Surface Transportation Act directed th
    Read More
  • Alternative fuel and hybrid vehicle ‘to grow at 12.9 per cent to 2022’
    October 21, 2016
    A new report published by Allied Market Research, Alternative Fuel and Hybrid Vehicle (AFHV) Market by Alternative Fuel Type, Vehicle Type, and Geography: Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the world AFHV market is expected to reach US$614 billion by 2022, growing at a CAGR of 12.9 per cent during the forecast period. The passenger vehicle segment is estimated to dominate the market from 2016 to 2022. Asia-Pacific dominated the global market accounting for a market s
    Read More
  • Alternative fuel buses gaining significant traction
    April 25, 2012
    According to a recent report from Pike Research, the trend toward cleaner transit buses will continue over the next several years, and by 2015 the cleantech market intelligence firm forecasts that alternative fuel vehicles will represent more than 50 per cent of the 64,000 total transit buses that will be delivered worldwide during that year, up from 28 per cent of total bus deliveries in 2010.
    Read More

Highlighted Content