Automotive Natural Gas Vehicle Market : Global Industry Analysis and Forecast 2023-2029
Globally, around 23 million vehicles are using natural gas and in the US more than 175000 vehicles are using natural gas as fuel. Natural gas is a good choice as a fuel, it gives high mileage, centrally fueled fleets offers similar fuel range for long routes. Natural gas is segmented into two fuel category compressed natural gas (CNG) and Liquefied natural gas (LNG). Liquefied natural gas offers a greater mileage than CNG as the LPG has more energy density. The advantages of natural gas are reduction in vehicle emission, better fuel economy, domestic availability reduces transportation cost, and cost-effective than petrol & Diesel.