NAT GAS TRUCK AND BUS MARKET TO JUMP

Natural Gas Trucks and Buses; Medium and Heavy Duty Natural Gas Trucks and Buses, Natural Gas Supply, Refueling Infrastructure, CNG, and LNG: Global Market Analysis and Forecasts

Q4 2013 (Navigant Research)

“Two main issues are driving the increased usage of natural gas as a fuel for trucks and buses: the lower cost of natural gas and the lower emissions of natural gas engines…North America and Asia Pacific stand out as regions with strong growth. In North America, where natural gas costs remain low, the growth of the vehicle market has gotten ahead of the refueling station development. In Asia Pacific, China and developing markets are looking to natural gas to help solve environmental woes in large cities. Navigant Research forecasts that the total number of natural gas vehicles (NGVs) on the road across the world will reach nearly 1.9 million trucks and a similar 1.8 million buses by 2022…” click here for more

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