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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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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.

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Navigant forecasts global natural gas fleet of 34.9M by 2020

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The increase is largely driven due to a combination of low-cost natural gas and sustained higher prices for gasoline and diesel in many countries, Navigant suggests. The differential in the cost of the fuels determines the payback on this additional equipment (currently between 2.5 and 6 years, depending on the vehicle).

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

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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.

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