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

Green Car Congress

Conversely, in Pakistan, Argentina, Brazil, Iran, and India—the top five markets for NGVs—there are a variety of light-duty NGVs available. In most regions, the use of natural gas as a transportation fuel is for the purpose of reducing the usage of imported crude oil or imported refined gasoline. Availability.

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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. CAGR) as NGVs spread in the fleet and consumer markets; overall, however, NGVs will remain a small percentage of the market as China’s government is expected to continue to focus on electrification. China will see strong growth (20.8%

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

Green Car Congress

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. MIT: leaning toward conversion for light-duty vehicles.

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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. 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.

2015 170
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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.

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