The scandal surrounding German car manufacturer Volkswagen (VW) could threaten the future of diesel-powered passenger vehicles, thereby creating an opportunity for gas as a transport fuel, according to analysts.
“It looks as if diesel sales could melt down and the effects on alternative [fuels] could be strong,” Jürgen Pieper, head of research at Metzler Capital Markets, told Interfax.
VW admitted to installing devices to cheat nitrogen emission tests, with 11 million of its vehicles thought to be affected.
Steve Handy, a representative in the Utah state legislature who...
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