Alternate fuel vehicle sale is expected to rise to 900,000 units in the European market and nearly 250,000 units in the North American market by 2018,according to a new report.
According to a study by Frost and Sullivan,Executive Analysis of the European and North American LPG and CNG Original Equipment Market,the market is expected to increase by 2018,due to the low conversion cost and reduced emission factor.
The other drivers could be approaching boom for CNG/LPG follows EPA and European Automobile Manufacturers'Association(ACEA)regulations that require reduced emissions and the low conversion cost to change from CNG or LPG.
The study revealed that these will be initially adapted by the OEMs in North America to reduce their fleet emissions and running costs,while Europe has already begun using the CNG and LPG vehicles.
The alternate fuel industry is affected by the development of alternate powertrain technologies,while the market development will be effected by deficient infrastructure,high development costs and ease of adoption of alternate fuel vehicles.
The pressure on implementation of alternate fuels can be reduced by Convincing governments to offer a incentive scheme,for as a minimum of five to ten years.
In North America,which has emerging market alternate fuels,the technology can be made accepted by increasing,the interest of OEMs and product lines.
