Savings Calculator Helps Reduce Barriers for Natural Gas Vehicles

Washington, D.C. – Natural gas is 47 percent less expensive on average than equivalent gallons of gasoline and 59 percent less than equivalent gallons of diesel. The Drive Natural Gas Initiative, a collaboration between natural gas utilities and producers, is launching a Natural Gas Fleet Savings Calculator to help fleet owners conduct a preliminary analysis of  the total costs associated with converting a fleet, or part of a fleet, to natural gas.

“The Natural Gas Fleet Savings Calculator is powerful step forward in our ability to help reduce barriers to entry for natural gas vehicles by providing fleet managers with the information they need to make their own assessments about the benefits of natural gas,” said Drive Natural Gas Initiative Executive Director Kathryn Clay. “Throughout the nation, businesses are making the switch to natural gas because it’s good for the bottom line. Any fleet owners interested in putting less money into their fuel tanks and more money into growing their businesses should consider what natural gas can do for them. By providing information tools like this new calculator, we are making it easier for more people to take advantage of our domestic abundance of this clean energy source.”

The Drive Natural Gas Initiative worked with Ricardo, a leading global provider of product innovation, engineering solutions, clean technology and strategic consulting, to develop this helpful tool. 

The Natural Gas Fleet Savings Calculator is a spreadsheet based, total cost of ownership evaluation tool.  It comes pre-loaded with the current numbers for natural gas vehicle availability and cost, but it is also fully customizable for fleet managers to input the parameters that best describe the kind of vehicles they use, and how they use them.

Tomorrow, the Drive Natural Gas Initiative and Ricardo will hold a webinar to explain the Natural Gas Fleet Savings Calculator including a demonstration of the tool and explanation of its implications in the alternative fuel marketplace.

The Natural Gas Fleet Savings Calculator is available here.