Kavita Khatri, global innovation new business lead at Whirlpool Corp., expressed a similar sentiment.
“There is room in the market for both home refueling and filling stations,” Khatri said. “There are many applications where each makes the most sense.”
Of the more than 240 million vehicles are on the roads throughout the country, only 120,000 — or 0.05 percent — run on CNG.
Of the country's 122,000 gas stations, only 1,207 offer CNG. Only 578 of those are open to the public.
Refueling is seen as a major obstacle, especially outside of Oklahoma, California and New York, home to many of the existing stations offering CNG.
The option that develops first could gain significant market share, but only if the CNG industry takes hold.
If not, the first movers could find themselves on the hook for investments that never develop.