The Texas Project, Part 5 - Economic Analysis: CNG and LPG Conversions of Light-Duty Vehicle Fleets
The Texas Project was a multi-year study of aftermarket conversions of a variety of light-duty vehicles to CNG or LPG. One aspect of this project was to examine the factors that influence the economics of fleet conversions to these alternative fuels. The present analysis did not include longer-term effects (such as possible increases in exhaust system life or increases in tire wear). Additionally, assumptions were required to estimate the costs of repairs to the alternative fuel system and engine. Other factors considered include conversion cost, fuel prices, annual alternative fuel tax (as applied for the state of Texas), annual miles accumulated, and the percent miles traveled while using the alternative fuel for dual fuel conversions.