The Street reports that 25 million light duty natural gas vehicles will be on the road worldwide by 2019. A study by Pike Research finds the current high costs of gasoline and diesel fuel, along with the substantial and growing supplies of low-cost natural gas in many countries, are leading to renewed interest from both consumers and fleets in natural gas vehicles. Pike forecasts the worldwide market for light duty NGVs will grow steadily over the next 7 years, reaching 3.2 million vehicles sold in 2019. This will result in a cumulative total of 25.4 million light duty NGVs on the road by 2019. Srong consumer markets and taxi demand in Argentina, Brazil, Iran, and Egypt are accelerating NGV passenger car sales in those countries. In other countries growth will involve light duty natural gas trucks.

Environmental Expert tells us a about a new report entitled Global Compressed Natural Gas Vehicle Market 2011-2015. TechNavio forecasts the global CNG vehicle market will reach 19.8 million units by 2015 driven by the low price of natural gas relative to petrol and diesel. However, insufficient CNG fueling stations poses the biggest challenge for this market.

The US Department of Energy is funding 13 natural gas vehicle projects says Environment News Service. The purpose is to engineer lightweight, affordable natural gas tanks for vehicles and develop natural gas compressors that can efficiently fuel a natural gas vehicle at home.

Inside Ireland informs us Bus Éireann will trial that country’s first natural gas-powered bus. The bus is operating across a number of city routes in Cork until August in a trial that will look at the potential fuel and emission savings from the vehicle, as well as its operational performance.

The Wichita Falls, Texas Times Record News believes that natural gas makes more sense than electricity for vehicles. “Natural gas is cleaner than gasoline and diesel, and it is cheaper, too, at least today…The most appealing aspect of natural gas vehicle right now is its price advantage. While gasoline costs around $3 per gallon, natural gas will cost about $0.30 per gallon.”

TheGreenCar reports GE is working on developing a fast natural gas at-home refuelling station. The company is aiming to create a station that will cost no more than $500 and allow refuelling in less than one hour. Existing natural gas stations are highly expensive – potentially up to $5,000 – and typically require five to eight hours to refuel a vehicle. Meanwhile, diversified industrial manufacturer Eaton Corporation says it will develop an affordable home refueling station for natural gas vehicles according to Market Watch.

 

 

 

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