NGV MARKET

Currently, there are over 1 billion motor vehicles on the road across the globe, making motor vehicles the world's second most widely distributed effect behind cellphones.

Due to a convincing variety of reasons, the percentage of Natural Gas Vehicles (NGVs) in many countries is growing rapidly.  Today, there are over 8.7 million NGVs on the road, a number that grows by well over 30% per year.

In Europe, as well as much of Asia and South America, NG is considered the leading alternative to oil fuel for the next decade and beyond. Argentina, Brazil, China, Germany, India, Iran, Pakistan, Ukraine and other nations around the world are aggressively integrating NGVs into the automotive market.  In the United States, use of Natural Gas in the transport sector is suddenly getting more and more attention.

Despite this growth, NGVs still represent a small percentage of the overall vehicle market. Until now, costly refueling infrastructure, and the inconvenience of integrating NG tanks into vehicles has limited the growth of NGVs in the automotive market. Energtek's proprietary ANG technology is rapidly expanding the NGV market, by enabling the use of NG in places previously impossible.

Global NGV Market Statistics and Growth Highlights