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Canadian startup launches INDIEGOGO funding campaign for low-cost electric self-charging solar tricycle produced in Pakistan

Green Car Congress

The team projects that the high-efficiency vehicle will have a a minimum unit cost of only $1,400 to produce—the price of an average mountain bike—once the funding goal is reached. Production will be in different manufacuring hubs in Pakistan. The team has not yet produced a working demo for their concept.

Pakistan 418
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Navigant forecasts global natural gas fleet of 34.9M by 2020

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Natural gas is about 41% the cost of gasoline, Navigant says, noting that compressed natural gas (CNG) equipment adds between 10% to 40% to the cost of the vehicle due to the CNG cylinders and engine equipment, while liquefied natural gas (LNG) adds 60% to 80% due to the more expensive storage tanks. million sales expected in 2013.

2020 321
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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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Due to the incremental costs of NGVs, limited fueling infrastructure, reduced utility, and progress on competitive electrification technology, Navigant expects only modest LD NGV demand growth in North America. These include the availability of refueling infrastructure, tightening tailpipe emissions requirements, and total cost of ownership.

2015 150
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Pike Research forecasts global NGV sales to hit 3.2M units annually by 2016

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Iran and Pakistan are expected to rank second and third, respectively. More and more fleet managers are attracted to the lower fuel costs of natural gas, in addition to the opportunity to reduce their vehicles’ carbon footprint. CAGR between 2010 and 2016). China will see strong growth (20.8% Pike senior analyst Dave Hurst.

2016 218
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Secretary of the Navy Sets Target for 50% of Total Energy Consumption from Alternative Sources by 2020; Role for Biofuels and EVs

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The Commandant of the Marine Crops, General Conway said it best during the Marine Corps energy summit a few weeks ago when he described the fully burdened cost of a gallon of gasoline delivered to a piece of equipment in Afghanistan. If you believe the cost of fuel will go higher, as almost everyone does, the savings will only increase.

2020 308
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Forecast: Global Natural Gas Vehicle Fleet to Reach 17 Million by 2015

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Conversely, in Pakistan, Argentina, Brazil, Iran, and India—the top five markets for NGVs—there are a variety of light-duty NGVs available. The fuel has to be cheaper than gasoline/diesel to recover the additional cost of the vehicle within a reasonable amount of time. The reasons for NGV market growth vary for each country, according.

2015 268
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Forecast: 17M Natural Gas Vehicles Worldwide by 2015

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The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. The fuel has to be cheaper than gasoline/diesel to recover the additional cost of the vehicle within a reasonable amount of time. Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% between 2008 and 2015.

2015 170