Natural Gas-Powered Vehicles Gain in Popularity/Long Term Potential is Bright Thanks to Low Shale Gas Prices, Business and Industry Trends Analysis

Natural gas vehicles (NGVs), that is cars and trucks that run on either compressed natural gas (CNG) or liquid natural gas (LNG), are already in use around the world, especially in municipal fleets and buses.  The International Association of Natural Gas Vehicles publishes detailed numbers for NGV markets yearly.  It states that Iran, Pakistan, Argentina and Brazil are the world’s leaders, followed by China and India.  Each of these nations have more than 1 million NGVs.  A large percentage of all new public transit buses run on natural gas, and 60% of the 8,000 new trash trucks sold annually in…

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