Green Car Congress

DECEMBER 28, 2015

In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% Navigant forecasts that the number of light-duty NGVs on the world’s roads will double by 2025 to 39.6 million vehicles in 2015 to 3.9 million in 2025. of all LDVs.

2015 150

2015 Gas Global North America 150

Green Car Congress

JUNE 20, 2013

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

2020 Gas Fleet North America 321

Green Car Congress

DECEMBER 11, 2009

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% Globally, Pike Research forecasts that the NGV market will grow at a CAGR of 5.5% million in 2008.

2015 268

2015 Gas Fleet Global 268

Green Car Congress

JANUARY 20, 2011

million unit global NGV market which we forecast will expand at a compound annual growth rate (CAGR) of 7.9% 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% million vehicles per year in 2010 to more than 3.2

2016 218

2016 Global Iran Sale 218

Green Car Congress

JUNE 10, 2011

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

MIT Gas Transportation Future 299

Green Car Congress

OCTOBER 19, 2009

Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. The fuel has to be cheaper than gasoline/diesel to recover the additional cost of the vehicle within a reasonable amount of time. million in 2008.

2015 170

2015 Gas Vehicles Pakistan 170