The automotive natural gas vehicle (NGV) market, despite seeing sales growth in recent years, is still in its early stages. This market, encompassing vehicles that use either compressed natural gas (CNG) or liquefied natural gas (LNG) as fuel, is projected to grow at a compound annual growth rate (CAGR) of 7% from 2022 to 2032. …
Tag Archives: Automotive Natural Gas Vehicle Market Share
Automotive Natural Gas Vehicle Market Demand, Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022-2032
Automotive Natural Gas Vehicle Market Overview An automotive natural gas vehicle uses compressed natural gas (CNG) or liquefied natural gas (LNG) as an alternative to diesel or petrol. A natural gas is widely used in lift trucks, buses, light and heavy duty trucks, motorcycles, cars, vans and locomotives.Natural gas provides an economical and environmental friendly option …