Tuesday January 15, 2013 0 comments
BOULDER - Nearly 1 million natural gas-powered trucks and buses will be sold worldwide between 2012 and 2019, according to a report by Pike Research.
Sales of the vehicles are expected to expand steadily through the remainder of the decade, reaching more than 930,000 by 2019, according to the report.
"NG vehicles emit substantially lower levels of GHGs, particulate matter and nitrogen oxide than either gasoline or diesel-powered trucks and buses," said Dave Hurst, Pike's senior research analyst.
"What's more, compared to diesel engines, natural gas provides a financial benefit. In most cases, the higher incremental cost of an NG vehicle is typically recovered due to lower fuel costs within two to seven years."
Pike's report, "Natural Gas Trucks and Buses," analyzes the global market opportunity for natural gas vehicles in the medium and heavy-duty truck and bus markets.
The report also provides a comprehensive assessment of the current market, fuel availability, demand drivers, policy factors and technology issues associated with the growth of these vehicles.
A free executive summary of the report is available for download at www.navigant.com/pikeresearch.