Green Fleet

Clean Cities Launches Improved ROI Tool for CNG Investments

January 28, 2014

Screencapture of VICE Model.
Screencapture of VICE Model.

The U.S. Department of Energy's (DOE) Clean Cities program has launched a new version of its Vehicle and Infrastructure Cash-Flow Evaluation (VICE) model.

The VICE model helps fleet managers evaluate the financial soundness of investments in compressed natural gas (CNG) vehicles and fueling infrastructure. The new version is applicable to a wider variety of vehicles and can also accommodate an incremental fueling station build-out.

Using simple spreadsheet inputs, the VICE model helps fleets estimate the financial and emissions benefits they can expect to achieve by transitioning to CNG. To use the VICE model, users input fleet-specific data, including number of vehicles, vehicle types, fuel use, and planned vehicle-acquisition schedules.

The tool presents numerical and graphical presentations of return on investment, payback period, and annual greenhouse gas savings.

The model contains a number of default values for parameters such as vehicle prices, fuel prices, fuel taxes, and maintenance costs. However, users can replace the default values with their own data to obtain more customized results.

The VICE model can be found online at the Alternative Fuels Data Center, which also houses other tools and resources related to the deployment of alternative fuels and vehicles.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

FleetFAQ

Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

Recent Topics

Does anyone run a University fleet similar to ours? New Jersey City University has approximately 10,000 students, 1000 faculty & staff,...

View Topic

How many of you use bench marking in regards to Fleet stats? am interested learning and participating with bench marking and how it...

View Topic

Fleet Documents

1018 Fleet Documents (and counting) to Download!

Sponsored by

Vehicle tailpipe emissions produced by any type of internal combustion engine or other engine that burns fuel to produce energy.

Read more

Alternative Fuel Locator

Use the Alternative Fuel Locator to find stations near you.

Launch Alternative Fuel Locator