Research recently issued a forecast calling for the sale of
nearly 1 million (MM) new natural gas (NG)-fueled trucks and
buses on roads worldwide between 2012 and 2019.
trucks and buses use significant amounts of fuel and tend to
emit high levels of greenhouse gases (GHGs), diesel- and
NG-fueled vehicles (NGVs) are increasingly attractive options
in these commercial markets.
Research's report analyzes the global market opportunity for
NGVs in the medium- and heavy-duty truck and bus
that NG provides a financial benefit because, in most cases,
the higher incremental cost of a NGV is typically recovered,
due to lower fuel costs, within two to seven years.
typically run on compressed natural gas (CNG) because their
tanks weigh less and are less costly than those for liquefied
natural gas (LNG).
trucks, however, are increasingly used as longer-range vehicles
(400 miles or more, compared to 150300 miles for CNG
vehicles) and are seeing higher growth rates than CNG trucks
(17% vs. 14% in heavy-duty trucks).
worldwide breakdown of refueling stations for these two types
of NG is 117 LNG refueling stations vs. 20,233 CNG refueling
stations. Around 45% of the LNG refueling stations are located
in the US, even though China has the largest annual sales for
LNG fueled trucks, with 3,020 vehicles sold in 2012.
The consultancy expects sales of NG trucks and buses
to expand steadily over the remainder of the decade.
More than 930,000 of these vehicles will be sold worldwide in
the seven years to 2019, the study concludes.