Annual sales of natural gas vehicles expected to reach nearly 4 million by 2025, says Navigant

The natural gas vehicle (NGV) market is taking off in some regions, although growth has been slower than previously projected. While drops in oil prices and gains in battery cost reduction and capacity are hindering some of the advantages of NGVs, the market is still expected to experience growth. According to a new report from Navigant Research, global annual NGV sales are expected to grow from 2.4 million vehicles in 2015 to 3.9 million in 2025.

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