Westport Fuel Systems Trucking Toward Profitability

Summary

  • The EU, China, India, and United States impose new laws and regulations  transitioning their economies and ecology away from diesel.
  • Natural gas fuels and battery-electric solutions are primary.
  • Millions of trucks, buses, fleet vehicles, light duty vehicles, forklifts, ships, and trains will switch to natural gas and electricity.
  • The small natural gas engine technology company Westport Fuel Systems may be one of the top beneficiaries of the transition.

Recent studies have shown that diesel exhaust is responsible for a major portion of the millions of air pollution deaths worldwide every year. Air pollution threatens the political stability of some local and even national governments. Especially in Asia, Europe, and California, billions of people would like to see diesel exhaust fumes and their carcinogenic pollution disappear from their lives.

Hence, the massive and sudden political movements against diesel and governments' new laws and regulations transitioning their economies from diesel and petrol.

Starting in March (this month), the Chinese province of Hainan will no longer allow the sale of diesel and petrol vehicles. There were one million vehicles in Hainan in 2017, and almost all of them were diesel or petrol.

The Indian province of Andhra Pradesh will stop the registration of diesel and petrol vehicles in 2024. The nation of India has announced it is transitioning to a natural gas-based economy, which will increase the number of compressed natural gas filling stations by several times over the ten years or so. Hundreds of new CNG stations are already being built right now. Thousands of electric and natural gas buses are being purchased by Indian governments.

The Spanish Balearic Islands will ban the entry of diesel vehicles in 2025 and ban petrol vehicles a decade after that.

California seeks to transition all of their buses to electric by 2030. Their new environmental legislation mandates that the state be carbon neutral by 2040.

In February, the EU announced that trucks must emit 15% less carbon by 2025 and 30% less by 2030. They may adjust this in a 2022 review.

In September 2018, China announced that it will force the replacement of one million older diesel heavy duty trucks. By December, Weichai had jacked up production of natural gas trucks to 10,000 engines in

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I am interested in writing what others have not written. For instance, I plan on detailing how the Biden solar import duty (tax) policy is the greatest blockade in the growth of clean energy on our planet. My particular areas of interest include clean energy, Alzheimer's drugs, and yieldco companies. My articles on Alzheimer's drugs have attracted a great deal of attention among those interested in the disease. I have written on a number of clean energy companies, including Canadian Solar, JinkoSolar, Clean Energy Fuels, Westport Fuel Systems, Kandi Technologies, and so forth. Sometimes I do not answer questions to my articles because I am too busy or too stressed, especially when dealing with trolls or people who purposefully try to deceive. I am not talking about shorts in general. Most shorts are okay people. I live in the United States, and my parents are survivors of two wars. They eventually immigrated here, married and gave birth to two children.

Analyst’s Disclosure:I am/we are long WPRT, CLNE. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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