CNG stands for Compressed Natural Gas. It is one of the most viable alternatives to traditional fuel energy resources (petrol) for the automotive industry. CNG is low in pollutants, high in calorific value and heat yield, economical and available in abundance globally.
Reasons for switching over to this alternate fuel are mainly:
1. Economic benefit: The cost of CNG is almost a third of the cost of Petrol in terms of calorific value resulting in substantial saving in fuel cost, and investment on the CNG kit is paid back in a short period
2. Environment friendly: The use of CNG as a fuel reduces vehicular exhaust emissions significantly. Carbon Monoxide emissions are reduced by 70 to 90% and Hydrocarbon emissions by 40 to 60% as compared to vehicles that use the conventional fuel - Petrol. Carbon Dioxide emissions, a cause for global warming, are also reduced significantly by 10%
3. 100% Income Tax Depreciation: Corporate Organisations, firms, etc. can claim 100% depreciation on a CNG Conversion Kit as this is a pollution controlling equipment. Organisations that buy CNG Conversion Kits should consult their Income Tax Consultants and avail of the depreciation benefits
4. Flexibility and ease of use: The basic engine characteristics of a vehicle are retained while converting it to run on CNG. The vehicle therefore is capable of running either on Petrol or CNG at the flick of a switch on its dashboard.
Reasons for switching over to this alternate fuel are mainly:
1. Economic benefit: The cost of CNG is almost a third of the cost of Petrol in terms of calorific value resulting in substantial saving in fuel cost, and investment on the CNG kit is paid back in a short period
2. Environment friendly: The use of CNG as a fuel reduces vehicular exhaust emissions significantly. Carbon Monoxide emissions are reduced by 70 to 90% and Hydrocarbon emissions by 40 to 60% as compared to vehicles that use the conventional fuel - Petrol. Carbon Dioxide emissions, a cause for global warming, are also reduced significantly by 10%
3. 100% Income Tax Depreciation: Corporate Organisations, firms, etc. can claim 100% depreciation on a CNG Conversion Kit as this is a pollution controlling equipment. Organisations that buy CNG Conversion Kits should consult their Income Tax Consultants and avail of the depreciation benefits
4. Flexibility and ease of use: The basic engine characteristics of a vehicle are retained while converting it to run on CNG. The vehicle therefore is capable of running either on Petrol or CNG at the flick of a switch on its dashboard.
CNG is becoming popular in India as it is enviromental friendly and 1/3 price of petrol. It now used mostly by trucks, buses and tourist vehichles but as time is passing more and more private cars are getting on CNG. Once the frequency and avalability of this CNG gas station increases more and more cars will be having it.
2 comments:
Very interesting news. Do you know which companies car are producing vehicles by CNG?
Thankx for your interest. Well i dont know about other country but in India Suzuki is the company which produces cars with CNG (not in all cars) but you Can Fit the CNG kit in any car you want, even in your car which you using currently and save on petrol (gas)and even save money
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