CNG and LPG Vehicle Market In-depth Analysis of the Industry with Future Estimations

Why CNG and LPG Vehicles Are Proliferating?

Conventional fuels, such as gasoline and diesel, have adversely impacted the atmosphere. The uncontrolled rise in air pollution levels mandates the usage of cleaner fossil fuels. Compressed natural gas (CNG) and liquefied petroleum gas (LPG) are the most-popular alternative hydrocarbonstogasoline and diesel in the automotive industry. CNG and LPG vehicles have long marked their presence in the automobile industry; for instance, in Delhi, all commercial passenger vehicles must use CNG. These replacement fuels adhere to the emission limits, therefore will go a long way in reducing the pollution levels.

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This expanding CNG and LPG vehicle market  reflects the shift toward clean energy. As per P & S Intelligence, Europeans purchased the maximum number of clean-fuel vehicles in 2015. European nations, including Russia, Ukraine, Italy, and Germany, are home to major marques , such as Volkswagen Group, Mercedes-Benz, Volvo Group, and Mitsubishi, which are manufacturing technologically advanced vehicles that run on CNG and LPG. Additionally, the emission norms set up by European governments have led to the rise of CNG and LPG vehicles.

In addition to the environmental benefits, the CNG and LPG vehicle market  is also growing on account of the economic benefits of such automobiles. For instance, CNG is 40–75% cheaper than diesel and gasoline in the US similarly, the use of LPG results CNG provides better greenhouse gas emission and fuel cost reductions, especially an LPG refueling system can. CNG and LPG also have another set of benefits that are unique to each of them. be installed at a lower rate than CNG. Additionally, LPG fuel systems can be installed in smaller spaces, unlike CNG refueling systems, which often encroach up on the cargo or passenger capacity.

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Therefore, economic benefits and eco-friendly attributes will eventually lead to an increase in the installation of CNG and LPG refueling systems. Therefore, in the wake of the deteriorating air quality and rocketing diesel and gasoline prices, the sales of CNG and LPG vehicles are increasing.


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