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Prospect of Economies of Cost and Reduced Emissions to Drive Alternate Fuel Vehicles, Says Frost & Sullivan

LONDON May 24, 2012 Europe North America

http://www.automotive.frost.com Executive Analysis of the European and North American LPG and CNG Original Equipment Market

Priyank Aggarwal Europe North America

North America

Italy France Europe North America

The overall market will be driven by OEMs seeking to reduce their fleet emissions and running costs, which are close to half of gasoline prices. However, engine development and the increased cost of conversion will have a direct impact on OEM and customer preference.

"Insufficient infrastructure, high cost of development and ease of adoption of alternate fuel vehicles represent the main obstacles to market development," explains Aggarwal. "Competitive pressure from other alternate powertrain technologies also poses a major threat to the alternate fuel industry."

Promoted as a medium to save costs and reduce emissions, CNG and LPG are linked with certain safety issues in the minds of potential users, making it imperative to increase consumer awareness about safety-related issues. Convincing governments to offer a standardised incentive scheme to ease competitive pressure on alternate fuels, irrespective of the technology, for at least five to ten years, will also support market advancement.

North America

Executive Analysis of the European and North American LPG and CNG Original Equipment Market Katja Feick [email protected]

Executive Analysis of the European and North American LPG and CNG Original Equipment Market Automotive & Transportation Euro 6 Western Europe

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Katja Feick
Europe

[email protected]
http://www.frost.com

 

 

SOURCE Frost & Sullivan

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