CNG and LPG Vehicles Market To Increase at Steady Growth Rate

The increasing environmental concerns and escalating prices for gasoline and diesel have upturned the economies’ (especially the developing ones) attention towards alternative fuel such as Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) and global CNG and LPG vehicles market. The Dual Fuel options offered by these substitute fuel vehicles have convinced the consumers as noble substitutes when compared to the traditional gasoline and diesel vehicles.

The major governmental mandates such as Corporate Average Fuel Economy (CAFÉ), California Air Resources Board Zero-Emission Vehicle Mandate, and Federal Emissions Standards are turning the automotive industry towards more and more technological advancements so as to attain fuel economy and reduce emissions which are directly increasing the demand for CNG and LPG vehicles, thereby raising the global CNG and LPG vehicles market. The global CNG and LPG vehicles market is yet in its developing stage which requires a conjoint efforts of the government, people, and the manufacturers (OEM’s).

https://www.satprnews.com/2017/04/11/cng-and-lpg-vehicles-market-to-increase-at-steady-growth-rate/