Green Car Congress
JULY 6, 2012
This market is also home to two of the largest NGV markets in the world: Argentina and Brazil (combined, they account for 25% of total NGVs. The Middle East is home to the largest market for LD NGVs, Iran. Fleet sales of NGVs are growing at a rate of 10.8% annually in North America, according to Pike. larger than the fleet market.
Green Car Congress
DECEMBER 11, 2009
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. This is the most important factor, the Pike report says.
Green Car Congress
OCTOBER 19, 2009
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.
Green Cars News
OCTOBER 19, 2009
Currently, the top five markets for natural gas vehicles are Pakistan, Argentina, Iran, India and Brazil with Pike Research anticipating that India will be the fastest growing market at a rate of 18.4 It has also forecast that the market will grow globally at a rate of 5.5 per cent to reach just over three million vehicles by 2015.
Green Car Congress
JUNE 10, 2011
More than 70% of all NGVs and one-half of all fuelling stations can be found in just five countries: Pakistan, Iran, Argentina, Brazil and India. On the other hand, natural gas derived gasoline and diesel have the advantage of being drop-in fuels, but carry a higher conversion cost. Natural gas to fuel conversion processes.
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