Green Car Congress

JANUARY 20, 2011

Pike expects India to overtake Iran for the lean in NGV sales in 2014, and targets that market at 612,389 NGVs in 2016 (12.0% Iran and Pakistan are expected to rank second and third, respectively. CAGR between 2010 and 2016). China will see strong growth (20.8% Pike senior analyst Dave Hurst.

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2016 Global Iran Sale 218

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. The reasons for NGV market growth vary for each country, according.

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2015 Gas Fleet Global 268

Green Car Congress

JUNE 10, 2011

In the US, the MIT report notes, only 0.15% of natural as is used as a vehicle transportation fuel; 32% of consumption is in the industrial sector, and 35% is in the residential and commercial sectors. On the other hand, natural gas derived gasoline and diesel have the advantage of being drop-in fuels, but carry a higher conversion cost.

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Green Car Congress

OCTOBER 19, 2009

The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. Despite growth of the market as a whole, the US NGV market is expected to remain dominated by fleet sales to government and commercial customers (89% of sales in 2015). to reach just over 3 million vehicles (including conversions) by 2015.

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2015 Gas Vehicles Pakistan 170

Green Car Congress

DECEMBER 10, 2014

This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. The OECD represents the developed economies.

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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.

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