The report used a survey of 23 of the world’s largest autogas markets to explain why governments encourage switching to autogas and how they go about doing so. It also assesses what types of policies are most effective and why.
Here are the key findings, according to AEGPL:
- Autogas markets grow only when the price is well below that of gasoline and diesel.
- Ensuring a favorable price for autogas calls for a much lower rate of tax relative to conventional automotive fuels.
- Policy stability and a strong, long-term commitment by the government are important to promoting the development of the autogas market.
According to AEGPL, there are now 26.8 million autogas vehicles in use around the world. The five largest markets for autogas are Korea, Turkey, Russia, Poland and Italy.