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Natural Gas Powered Vehicles. Something to think about.

Posted in Alt Fuels, Honda by David | May 28th, 2008 | 3 Responses |

A Popsci contributor had an experiment. Test out Honda’s Natural Gas Powered Vehicle then sell it on Ebay. His results are an eye opener.

honda civic

I did some research, and found that compressed-natural-gas vehicles are fetching big premiums online in places like Utah and Oklahoma where natural-gas prices are ridiculously low—as low as 60-cents per gallon. When I listed the car on eBay, it sold three days later to someone in Oklahoma for $18,600, about $4,000 more than what I paid for the car when I purchased it from Honda less than a year before, and $2,000 above its Kelley Blue Book value. (The sale price to me reflected various state and federal tax incentives that Honda took when they owned it.)

Who’d have thought that the highest-performing investment of my entire year would be a used Honda Civic? We loved owning the car, and will miss its greenest-car-on-earth cache. But we realized that living five miles from work is probably better for the environment than living 65 miles from work, no matter what you drive.

Source: PopSci

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3 Responses

  1. Andrew Case says:

    Since when is anything powered by Natural Gas considered green?? Natural Gas is a FOSSIL FUEL, meaning the carbon released from burning it is million of years old, and has all the problems of gasoline. Go Green with your life, ride a bike!

  2. Alex says:

    In many european countries CNG converted vehicles are very common…
    Many public transport buses also run on CNG

  3. Joe says:

    Burning natural gas produces about 30% less carbon dioxide than burning petroleum and about 45% less than burning coal. The natural gas car has some utility to the environment but “greenest-car-on-earth” is way over the top.