Automotive Natural Gas Vehicle Market is expected to surge at a CAGR of 7% From 2022 to 2032

Automotive Natural Gas Vehicle Market

In place of diesel or gasoline, automotive natural gas vehicles run on compressed natural gas (CNG) or liquefied natural gas (LNG). Lift trucks, buses, light and heavy-duty trucks, motorbikes, autos, vans, and locomotives all frequently use natural gas.

Compared to diesel or gasoline, natural gas offers a cost-effective and environmentally beneficial alternative. Automotive natural gas vehicles are not widely used now, but due to their operational benefits, it is anticipated that this will change in the future.

The automotive natural gas car market is still in its infancy, even though sales have increased during the past three to four years.

Although sales have increased over the past three to four years, the automotive natural gas car business is still in its infancy. The market is anticipated to increase at a CAGR of 7% from 2022 to 2032 as a result of strict government pollution restrictions and rising demand for fuel-efficient automobiles.

Key Players:

  • Ford Motor Company,
  • Fiat Chrysler Automobiles,
  • General Motors,
  • Honda Motor Company,
  • Volkswagen,
  • Hyundai Motor Group, etc.

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