A Review of Prospects for Natural Gas as a Fuel in Road Transport [GGP]
The number of Natural Gas Vehicles (NGVs) worldwide continues to grow though there are major differences between countries both in terms of levels of penetration and underlying drivers. NGVs have some environmental advantages over petroleum-based fuels – particularly if biomethane is available – and, in many markets, are cheaper. However, the prospects for NGVs in the smaller vehicle sector are diminishing due to the rapid growth in electric vehicles. The growth outlook for heavy vehicles is brighter where electric traction is still less of an option. This insight explores these issues, examines the factors behind the range in uptake of NGVs between different countries and provides some indications of future growth prospects.
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