#NGVs on the rise among consumers

Natural gas vehicles on the rise

thegreencarwebsite.co.uk 09 Jul '12, 8am

#NGVs on the rise among consumers

The largest market for the vehicles will be the Asia Pacific region thanks to strong growth in markets such as: China, 20 per cent; India, 23 per cent; and Thailand, 24 per cent. Elsewhere, in North America, the truck segment will lead sales as the market largely consists of fleet purchasers – fleet sales will expand by 10.8 per cent annually; while in Latin America, the consumer market will lead the way thanks to the massive markets of Argentina and Brazil which account for 25 per cent of total natural gas vehicle sales globally: there will be growth in the region of 10 per cent in other markets over the next several years. Meanwhile, in Europe, there are wide differences based on the individual country – with Ukraine and Italy leading the way and other markets struggling due to the lack of infrastructure.

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2012/0...

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