Autogas analyzed in report on light-duty vehicle segment

July 7, 2015 By    

Propane autogas is one of eight segments analyzed in a new report from Navigant Research about the global light-duty vehicle market.

According to the report, Transportation Forecast: Light Duty Vehicles, more than 95 percent of the world’s 1.2 billion vehicles belong to the light-duty vehicle segment, most of which relies on conventional internal combustion engines powered by gasoline or diesel. In the long term, factors such as new transportation business models for light-duty vehicles and increased urbanization are expected to put pressure on sales, particularly as governments push initiatives for improved fuel economy, new transportation options and alternative fuel vehicles.

Navigant reports light-duty vehicles primarily fueled by gasoline are expected to fall as a percentage of the overall global fleet from 82 percent today to 71 percent in 2035 because of alternative fuels becoming more price competitive.

Navigant Research is a market research and consulting team that provides in-depth analysis of global clean technology markets.

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