Remove Conversion Remove Cost Of Remove Global Remove Pakistan
article thumbnail

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

Green Car Congress

In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% These include the availability of refueling infrastructure, tightening tailpipe emissions requirements, and total cost of ownership. million vehicles in 2015 to 3.9 million in 2025.

2015 150
article thumbnail

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. Globally, Pike Research forecasts that the NGV market will grow at a CAGR of 5.5% to reach just more than 3 million vehicles (including conversions) by 2015. million in 2008. Environmental benefits.

2015 268
article thumbnail

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. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.

MIT 299
article thumbnail

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% to reach just over 3 million vehicles (including conversions) by 2015. The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. Tags: Conversions LNG Market Background Natural Gas. million in 2008.

2015 170
article thumbnail

Surge in natural gas vehicles predicted

Green Cars News

It has also forecast that the market will grow globally at a rate of 5.5 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 per cent to reach just over three million vehicles by 2015.

Gas 36