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Showing posts with the label CNG Vehicle

CNG vehicle Market to Register 3.2% Growth during 2018-2027

CNG vehicle continues to witness lucrative opportunities across the countries on the backdrop of the increasing number of the NGVs (Natural Gas Vehicles) and increasing preference for CNG vehicles across the world. Moreover, the growth in the automotive industry has influenced the adoption of the CNG vehicles due to the depletion of crude oil resources owing to the increasing demand for high quality and reliable CNG vehicle from the consumer. For instance, there has been an increase in the fleet of CNG vehicles by 7.4% in 2014 to 18% in 2018 across the world. The trending convergence of government regulations on fuel emissions & natural gas powered vehicle production which have more adoption rate and is further anticipated to create remunerative growth opportunities for  CNG Vehicles Market . Around the world, governments have issued stringent regulations regarding emissions and fuel efficiency.  The global fossil fuel price has seen an increasing trend over the past...