Bharatbook.com announces a 25% discount on a report "CNG and LPG Vehicle Market by Vehicle Type, Fuel Type, and Geography - Industry Trends & Forecasts to 2019". This report help to annualized market revenues data for 9 key markets: US, France, Germany, Italy, Spain, UK, Japan, China, and India help to annualized market revenues data forecast from 2012 to 2022.(Discount Valid till 31st Aug., 2014)
Navi Mumbai, Maharashtra, India., August 26, 2014 - (PressReleasePoint) -
CNG and LPG vehicles are amongst the most popular alternative energy fuelled vehicles with LPG being more popular and older than any alternative fuel. However, the trend is expected to change in the future and CNG is expected to be much more popular than LPG. As the governments mandate stricter emissions regulations in an effort to improve air quality, many transit agencies as well as personal users have turned to alternative fuels. In addition to the obvious environmental benefits, reduced operating costs, and government incentives have spurred the increased use of alternative fuels in the transit industry.
CNG and LPG bi-fuel option is mostly used in passenger cars. Light Commercial Vehicle fleet owners have shown eagerness to adopt these vehicles around the world even after the higher upfront costs and loss of luggage space, as they operate within the city limits at a low speed. These light commercial vehicles are unable to run in the cities at optimum speed. Hence, the incomplete combustion by these bigger engine releases huge amounts of carbon-monoxide into the air, apart from other harmful emissions. Another important factor fueling their growth is their high mileage which plays a pivotal role in recovering their higher initial cost in comparatively less time.
Convincing governments to offer a generous incentive scheme to ease competitive pressure on alternate fuels, irrespective of the technology (Electric/Hybrid/Hydrogen), will be imperative for the market advancement of CNG and LPG vehicles in medium to long term.
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