January 2013

Trends and Resources

HP Impact: North America lagging, Asia-Pacific surging, in sales of natural gas vehicles

The global market for light-duty natural gas vehicles (NGVs), which produce fewer greenhouse gas emissions than conventional gasoline engines and which run on fuel that is cheaper than gasoline, varie..

Thinnes, Billy, Hydrocarbon Processing Staff

The global market for light-duty natural gas vehicles (NGVs), which produce fewer greenhouse gas emissions than conventional gasoline engines and which run on fuel that is cheaper than gasoline, varies significantly depending on the region and country. While many markets in Europe and Latin America continue to struggle with expanding refueling infrastructure quickly enough to meet the needs of both consumers and fleets, the adoption of NGVs is still growing rapidly. According to a recent report from Pike Research, the Asia-Pacific region is rapidly becoming the world’s largest market for NGVs due to strong growth in markets such as Thailand, India and China. North America, however, c

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