28 Dec '15, 3pm

[email protected] forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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

Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015 28 December 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% from 2.4 million vehicles in 2015 to 3.9 million in 2025. Navigant forecasts that the number of light-duty NGVs on the world’s roads will double by 2025 to 39.6 million, accounting for 2.6% of all LDVs. Overall, Navigant expects the worldwide market for light-duty NGVs to grow at a compound annual growth rate (CAGR) of 4.3% between 2015 and 2025. Navigant expects Asia Pacific to remain the largest market, with more than 1.56 million LD NGVs sales in 2025. Due to the incremental costs of NGVs, limited fueling infrastructure, reduced utility, and progress on competitive electrification technology, Navigant expects onl...

Full article: http://www.greencarcongress.com/2015/12/20151228-navigant...

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