Tax Incentives Encouraging Use of Compressed Natural Gas Vehicles21 Sep 2011 • by Natalie Aster
The research “Global Compressed Natural Gas (CNG) Vehicle Market 2010-2014” by Infiniti Research reveals that the Compressed Natural Gas (CNG) Vehicle market is expected to grow at a CAGR of 7 percent. The report, which examines the APAC, Americas, and EMEA regions, indicates that the market is currently being driven by the introduction of several tax incentives.
“Governments across the globe have introduced incentive policies to promote the use of CNG. Consumers and manufacturers alike have been benefitting from these incentives. Such incentives are highly critical in a market where the penetration of CNG is still at a nascent stage. These tax incentives can help compensate for the high price of CNG vehicles,” reports a TechNavio analyst.
In spite of the demand for CNG vehicles, the lack of proper infrastructure is hindering the growth of this market. Moreover, the CNG Vehicles market is witnessing a shortage of CNG supply in the APAC market. However, rising oil and gas prices are expected to keep driving the Global CNG Vehicle market.
Published: July 2011
Price: US$ 1,500.00
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains an in-depth discussion and SWOT analysis of each of the key vendors in this market.
Companies mentioned in this report include: Fiat SpA, Ford Motor Co., Suzuki Motor Corp., and Volkswagen.
More information can be found in the report “Global Compressed Natural Gas (CNG) Vehicle Market 2010-2014” by Infiniti Research.
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