The Journal of Commerce: Demand for Natural Gas Trucks to Rise 14 Percent
Pike Research survey forecasts strong growth for heavy NGVs, buses through 2019.
The global market for natural gas-powered heavy trucks will expand 14 percent a year through 2019, with growth strongest in Asia, according to Pike Research.
Asia-Pacific nations currently account for about 75 percent of global natural gas truck and bus sales, the research firm said in a report on the NGV market.
Natural gas vehicle sales in Asia are boosted by government investment and an existing infrastructure needed to supply the fuel to truck operators, Pike said.
The firm also expects North America and Europe to see increasing natural gas vehicle sales because of emissions restrictions and rising diesel costs. MORE