JOC Staff | Jan 11, 2013 3:20PM EST
Sales of natural gas medium and heavy duty trucks and buses will expand steadily over the remainder of the decade, according to a recent report from Pike Research, part of Navigant’s Energy Practice.
More than 930,000 of these vehicles will be sold worldwide from 2012 to 2019, the report concluded.
The higher incremental cost of a natural gas vehicle is typically recovered within two to seven years because of lower fuel costs, Dave Hurst, senior research analyst, said in a written statement.
They also emit lower levels of greenhouse gases, particulate matter and nitrogen oxide than gasoline- or diesel-powered trucks and buses, he added.