China's longer-term opportunity is to build an auto industry based not on the gasoline engine but on alternative fuels, skipping a generation of technology as it has done in areas such as telecoms.

FORBES: Magazine Article

The former would involve affording consumers and businesses the opportunity to acquire vehicles powered not just by gasoline or diesel, but by alternative fuels like ethanol and methanol.

CENTERFORSECURITYPOLICY: For your country

"We are building a leadership position in the conversion of diesel, gasoline and LPG fuels to LNG in Europe, developing a competitive alternative to LNG terminal supply with portable, small-scale LNG fueling solutions for long-haul trucking and small remote energy centers, " said Davor Grcevich, Gasfin managing director.

WSJ: GE Unveils LNG In A Box(TM) System; Gasfin Selects New Technology for Fueling Stations in Europe

The President said he wants 35 billion gallons of renewable and alternative fuels by 2017, displacing 15% of projected annual gasoline use by that target date.

FORBES: Magazine Article

President Bush, in his State of the Union address this year, announced an initiative to cut U.S. gasoline consumption by 20 percent over the next 10 years through a combination of alternative fuels and more efficient automobiles.

CNN: Have we reached the energy tipping point?