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Surge in natural gas vehicles predicted

Green Cars News

The eyes of the world may be on developments in electric and hybrid car engineering, but according to Cleantech research firm Pike Research, it is a surge in the number of natural gas vehicles on the road that we should be looking out for. It has also forecast that the market will grow globally at a rate of 5.5 This will be largely due to the availability of refuelling stations as well as the expansion of government emission rules in large Indian cities.

2009 34

Navigant forecasts global natural gas fleet of 34.9M by 2020

Green Car Congress

In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 The increase is largely driven due to a combination of low-cost natural gas and sustained higher prices for gasoline and diesel in many countries, Navigant suggests. The differential in the cost of the fuels determines the payback on this additional equipment (currently between 2.5

2013 260

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

Green Car Congress

Navigant forecasts that the number of light-duty NGVs on the world’s roads will double by 2025 to 39.6 of all LDVs. Overall, Navigant expects the worldwide market for light-duty NGVs to grow at a compound annual growth rate (CAGR) of 4.3% 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.

2015 150

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. Although the reports both focus strongly on the increased use of natural gas in power generation, they also explore the likely impact of increased natural gas use on transportation. Emissions. I.e., on an energy basis at the point of use, the CO 2.

2011 246

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. The cleantech market intelligence firm forecasts that the number of NGVs on the road worldwide will grow to 17 million vehicles by 2015, up from 9.7 Globally, Pike Research forecasts that the NGV market will grow at a CAGR of 5.5% Availability. However, lack of refueling station infrastructure has inhibited NGV demand in many countries.

2009 225

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

Green Car Congress

million unit global NGV market which we forecast will expand at a compound annual growth rate (CAGR) of 7.9% The growth in vehicles will lead to growth in usage of natural gas for transportation fuel, which Pike expects to reach 19,123 million cubic meters of gas globally (6.7% Iran and Pakistan are expected to rank second and third, respectively. Corporate and government fleets are the strongest adopters of natural gas vehicles.

2011 191

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. Pike Research anticipates India will be the fastest-growing NGV market with a CAGR of 18.4% This rapid expansion will largely be due to the availability of refueling stations and the growth of government emissions rules in large cities in India. Availability.

2009 161