Remove Available Remove Cost Of Remove Oil Remove Pakistan
article thumbnail

Navigant forecasts global natural gas fleet of 34.9M by 2020

Green Car Congress

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
article thumbnail

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

Green Car Congress

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
article thumbnail

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

Green Car Congress

Light-duty NGVs are not readily available in North America and parts of Asia, and are, in many cases, completely unavailable to private owners, the report notes. Conversely, in Pakistan, Argentina, Brazil, Iran, and India—the top five markets for NGVs—there are a variety of light-duty NGVs available. Availability.

2015 268
article thumbnail

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

Green Car Congress

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
article thumbnail

Forecast: 17M Natural Gas Vehicles Worldwide by 2015

Green Car Congress

The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. 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. to reach just over 3 million vehicles (including conversions) by 2015.

2015 170
article thumbnail

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

Green Car Congress

On a life-cycle basis this advantage is reduced, the MIT report notes, because the GHG emissions in production and distribution, including methane leakage, are greater for natural gas than for oil products. million bpd of oil. MIT: leaning toward conversion for light-duty vehicles. Tcf/year, equivalent to 1.3

MIT 299
article thumbnail

Surge in natural gas vehicles predicted

Green Cars News

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.

Gas 36