NuVision Now Finances Natural Gas Vehicles
NuVision has been financing alternative fuel vehicles for our members for quite a while now. And now we happy to announce that we have added Natural Gas Vehicles (NGV) to our financing line-up. Natural Gas Vehicles run on Compressed Natural Gas (CNG) and are often referred to as either CNGs or NGVs.
There are a handful of NGV cars available from various car makers. As the marketplace grows, more varieties are becoming available.
The horsepower, acceleration, and cruise speed of NGVs are comparable with those of equivalent conventional vehicles. Also, compared with conventional diesel and gasoline vehicles, NGVs can produce some emissions benefits.
What is CNG?
CNG is a readily available alternative to gasoline that's made by compressing natural gas to less than 1% of its volume at standard atmospheric pressure. Consisting mostly of methane, CNG is odorless, colorless and tasteless. It's drawn from domestically drilled natural gas wells or in conjunction with crude oil production.
Natural gas powers more than 12 million vehicles on the road today. Believe it or not, only about 250,000 of these are being used in the U.S., according to General Electric.
Expanding the numbers of CNG fueling stations would allow for the increase of CNG vehicles on U.S. roads. There are 12,000 stations around the world, yet the U.S. claims about 500 public stations. New technologies and greater demand mean that the number of new stations is climbing rapidly.
CNG costs about 50% less than gasoline or diesel, emits up to 90% fewer emissions* than gasoline and there's an abundant supply right here in America. So it's clean, affordable abundant and American.
For more information on how you can finance your NGV at NuVision, call 800.444.6327 and ask to speak to a Loan Sales Consultant today.
*Emissions reductions may vary by pollutant and make/model of vehicle.
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