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.



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.


Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/cng-and-lpg-vehicle-market/report-sample

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 U.S. Similarly, the use of LPG results in savings of around 50% when compared to the cost of diesel and gasoline. CNG and LPG also have another set of benefits that are unique to each of them. CNG provides better greenhouse gas emission and fuel cost reductions, whereas an LPG refueling system can 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.

 

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.

Comments

Post a Comment

Popular posts from this blog

How the Asia-Pacific Electric Car Market Has Witnessed Substantial Growth in Coming Years?

-
Image
As the air quality deteriorates and the prevalence of various lung diseases increases in the Asia-Pacific (APAC) region, the attention of governments, regulatory authorities, policymakers, and citizens is finally shifting toward the elephant in the room, that is, the large-scale usage of fossil-fuel-powered vehicles for both personal commuting and transportation of goods. The harmful emissions released from these vehicles are one of the major causes of air pollution and the rapid environmental degradation. To combat the situation and make the air in urban areas breathable again, governments of several APAC countries are implementing policies aimed at promoting the deployment of eco-friendly modes of transport, such as electric cars. This is, in turn, fueling the advancement of the Asia-Pacific electric car market. For instance, as per industry experts, sales of electric vehicles grew in India by 32.0% or from nearly 576,000 units in 2018 to more than 760,000 units in 2019, among w
Read more

India Shared Mobility Market 2021 to Witness Stunning Growth

-
Image
Due to the rapid environmental degradation because of the extensive usage of fossil fuel-powered vehicles, the government is increasingly implementing policies aimed at encouraging the adoption of shared mobility solutions in India. Moreover, the government is providing various financial incentives for promoting the adoption of these solutions in the country. For example, under the faster adoption and manufacturing of (hybrid) and electric vehicles (FAME) II scheme, the government launched initiatives for augmenting the deployment of electric vehicles for commercial purposes.  These initiatives are propelling the deployment of electric vehicles and their adoption by various shared mobility service providers in the country. Apart from this factor, the increasing road congestion, especially in the urban areas, on account of the booming population levels and the surging number of daily commuters, is also pushing up the demand for shared mobility solutions in India. Different companies are
Read more

India Automotive HMI Market Development, Growth, and Demand Forecast, 2013-2023

-
Image
The major factors behind the India automotive human machine interface (HMI) market growth are rising sales of passenger car, increasing in-vehicle connectivity, and growing demand for comfort and in-vehicle safety features. The market generated a revenue of $466.9 million in 2017, and it is predicted to reach $1.0 billion by 2023, witnessing a CAGR of 14.1% during the forecast period 2018–2023, according to P&S Intelligence. Automotive HMI includes multiple system that permits drivers to interact with their vehicles. It works with the human touch, voice commands, and body language. Benefits associated with multimodal HMI, such as better recognition and faster interaction, are expected to increase their penetration in passenger cars. Further based on end-use, the Indian automotive HMI market is categorized into economy, medium, and premium cars. Due to the rising HMI deployment in medium car category, these cars held the largest sales volume share in the market and is forecasted to
Read more