Insight
Natural gas vehicles (NGVs) in North America: breathing new life from the energy transition
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Report summary
The North American NGV industry has had a turbulent history over the last 20 years. Failure to garner enough interest for widespread adoption in the past has scarred the industry. The debate over whether NGVs will ever have a large enough market to justify significant investment persists. Nevertheless, current favorable market conditions and government incentives finally have the industry in a place to capitalize on recent momentum and aid the energy transition in one of North America’s most challenging to decarbonize sectors. In addition to detailing our North American on-road NGV gas demand outlook to 2050, this report explores four key areas that will support NGV growth in coming years: • Emissions reduction advantages and potential for RNG integration • Expanding policy support • Persistent cost savings over alternative fuels • Continued technological advancement and innovation
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