LPG Vehicle Market is Expecting Major Tech Revolution in Near Future
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.
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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.
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 upon 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.
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