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Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

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By 2030, annual PEV sales are estimated to be between 15% and 32% of the global light duty vehicle market, producing a global PEV population between 107 million and 190 million. These include vehicle availability, consumer awareness, charging infrastructure, and threats from competing alternative fuels or fuel efficiency solutions.

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Navigant forecasts global road transportation energy consumption to increase 25% by 2035; 84% from conventional fuels

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In a new report ( Transportation Forecast: Global Fuel Consumption ), Navigant Research forecasts total road transportation energy consumption will grow from 81.1 Approximately 84% of that will be provided by conventional fuels. Annual road transportation sector energy consumption by fuel type, world markets: 2015-2035.

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Westport Fuel Systems awarded €38M program to supply LPG fuel systems to a global OEM

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Westport Fuel Systems Inc. The deal is forecasted to provide €38 million in revenue through the end of 2025, with production expected to begin in Q4 2023. Westport will provide fuel systems solutions for the Euro 6 applications to this OEM, supplying the entire LPG system from the fuel tank to the fuel injectors.

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Westport awarded additional production supply agreement for Euro 7 LPG fuel systems by global OEM

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Westport Fuel Systems has been designated as the supplier of liquified petroleum gas (LPG) systems to a global original equipment manufacturer (OEM). This is forecasted to generate €63 million in total revenue from 2025 to 2028.

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Navigant forecasts plug-in and fuel cell vehicles to be 2.5% of all vehicles in use in 2035; global parc of >2B vehicles

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million new light-duty vehicles (LDVs) will be sold globally in 2014, putting more than 1.2 The company forecasts that annual LDV sales will grow to 126.9 over the forecast period—i.e., over the forecast period—i.e., —“Transportation Forecast: Light Duty Vehicles”.

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Navigant forecasts MHD vehicle market to nearly double by 2035 with declining share of conventional engines; gases win out over electricity

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The number of medium- and heavy-duty vehicles (MHDVs) in use worldwide will nearly double between 2014 and 2035, according to a new forecast report by Navigant Research. Navigant projects that annual MHDV sales will grow throughout the forecast period at a compound annual growth rate (CAGR) of 2.4%. of the market in 2014 to 11.2%

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Navigant Research forecasts plug-ins will be 2.4% of global new vehicle sales by 2023; luxury brands to represent about 50% of that

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Navigant Research forecasts that plug-in EVs (which include plug-in hybrids and battery EVs), will represent 2.4% of total worldwide light-duty vehicle sales by 2023, or about 2.5 Furthermore, the market for vehicles that reduce fuel consumption is becoming more competitive due to other fuel efficient and alternative fuel technologies.

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