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% million LD NGVs sales in 2025. These include the availability of refueling infrastructure, tightening tailpipe emissions requirements, and total cost of ownership.
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.
Green Car Congress
JANUARY 20, 2011
According to a new report from Pike Research, worldwide natural gas vehicle (NGV) sales will increase at a healthy pace over the next several years, rising from 1.9 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% million units annually by 2016. to reach 19.9
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. Pike expects the CAGR for US NGV sales to be 17.7%
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). Pike expects the CAGR for US NGV sales to be 17.7%
Green Car Congress
JUNE 10, 2011
More than 70% of all NGVs and one-half of all fuelling stations can be found in just five countries: Pakistan, Iran, Argentina, Brazil and India. Payback periods could be reduced significantly if the cost of conversion from gasoline to CNG could be reduced to the levels experienced in other parts of the world such as Europe.
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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