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Navigant forecasts global natural gas fleet of 34.9M by 2020

Green Car Congress

The differential in the cost of the fuels determines the payback on this additional equipment (currently between 2.5 Other factors, such as increased vehicle availability, a shortage of oil refining capabilities, tightening emissions restrictions, and increased energy security, are also fueling growth within specific countries.

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Axial Vector and Kirloskar Oil Engines Forming JV for Mass Production of Axial-Type Engines

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Axial Vector Energy Corporation (AVEC) and Kirloskar Oil Engines (KOEL) have signed a binding memorandum of understanding (MOU) for a joint venture for the mass production of the Axial Vector axial-type, multi-fuel engines ( earlier post ). Rahul Kirloskar, Director, Kirloskar Oil Engines Limited. Source: AVEC. Click to enlarge.

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

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

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

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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. CAGR between 2010 and 2016). Pike senior analyst Dave Hurst.

2016 218
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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
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MIT and IEA reports take different views of the future of natural gas in transportation

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While compressed natural gas (CNG) will play a role, particularly for high-mileage fleets, the report suggests that the chemical conversion of gas into some form of liquid fuel may be the best pathway to significant market penetration. million bpd of oil. Recently enacted state low-carbon fuel standards (e.g.,

MIT 299