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Automotive Natural Gas Vehicle Markets, 2021-2028: Global Focus on Passenger Vehicles, Light-duty & Heavy-duty Buses and Trucks, and Three-wheelers

Automotive Natural Gas Vehicle Market Report 2021: Market Demand is Expected to Reach 38,856 33 Thousand Units by 2028

Share: ResearchAndMarkets.com s offering. The global automotive natural gas vehicle market demand is expected to reach 38,856.33 thousand units by 2028. The market is anticipated to register a CAGR of 3.3% from 2021 to 2028. The growing adoption of natural gas as an alternative fuel in vehicles, especially in the transportation sector worldwide, is creating the demand for automotive natural gas vehicles (NGVs). The low emission properties of NGVs facilitated by clean fuel characteristics are expected to drive their demand in public transportation, therefore boosting the market growth. The need for cleaner fuels at lower costs is also expected to drive market growth. Moreover, government support for the adoption of these vehicles will augment the demand. The government authorities in various countries are implementing stringent regulations to curb environmental damages arising from the emission of Particulate Matter (PM) and Greenhouse Gases (GHG) from vehicles. Simultaneously, w

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