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Pike Research forecasts annual global sales of light-duty natural gas vehicles to reach 3.2M in 2019

Green Car Congress

The global market for light-duty (LD) natural gas vehicles (NGVs)—including passenger cars, light-duty trucks and commercial vehicles—will experience a compound annual growth rate (CAGR) of 6.2% The global market for LD NGVs varies significantly depending on the region and country. between 2012 and 2019, reaching 3.2

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

Green Car Congress

A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth. Globally, Pike Research forecasts that the NGV market will grow at a CAGR of 5.5% million in 2008. to reach just more than 3 million vehicles (including conversions) by 2015.

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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

Green Car Congress

Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia. —Andreas Schlosser, Ricardo Strategic Consulting managing director for Central Europe.

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Forecast: 17M Natural Gas Vehicles Worldwide by 2015

Green Car Congress

Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. Cleantech research firm Pike Research forecasts growth in natural gas vehicles (NGV) on the road worldwide to 17 million units by 2015, up from 9.7

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Surge in natural gas vehicles predicted

Green Cars News

It has also forecast that the market will grow globally at a rate of 5.5 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 per cent between 2008 and 2015.

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MIT and IEA reports take different views of the future of natural gas in transportation

Green Car Congress

MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.

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Strong Dollar Could Cap Oil Prices

Green Car Congress

Argentina, Brazil, Turkey and South Africa have seen significant depreciations in their currencies this year. Commodity prices are often a key barometer for global demand, which is to say that the recent selloff has some analysts worried about the health of the global economy. There is a bit of a feedback effect at hand as well.