“A number of major automakers are refocusing their efforts in the NGV market, particularly in regions where interest in these vehicles is strong,” said Dave Hurst, principal research analyst with Navigant Research. “Overall, the number of NGVs on the world’s roadways will roughly double by 2023, at which time NGVs will account for 2.6 percent of all vehicles on the roads.”
The market for light-duty NGVs is not homogenous around the world or even within regions, according to the report. In North America, the market is heavily focused on fleet purchasers, while in parts of Western Europe, Latin America, and Asia Pacific, the consumer market plays a much bigger role.
This report analyzes the global market for natural gas passenger cars and light duty trucks, including pickup trucks, SUVs, minivans, and vans. It provides an analysis of the market issues and drivers associated with light-duty NGVs, including refueling availability, gas storage cylinders, total cost of ownership, vehicle availability, and government influence.
Source: Navigant Research
