|Iran, leading country for natural-gas vehicles: report||
Iran is the leading country for natural-gas vehicles (NGV) with about 3.5 million NGVs on the roads, according to a report published by the Wall Street Journal.
Pakistan with 2.8 million, Argentina with 2.3 million, Brazil with 1.8 million, and China with 1.6 million NGVs are next to Iran.
Globally, the market for NGVs has been growing exponentially for the past decade. The U.S. has about 140,000 NGVs on the roads today, but there are more than 18 million NGVs world-wide.
The fleet of electric vehicles is much smaller, but it is growing rapidly. The U.S. has the largest fleet at about 200,000 vehicles. The global fleet of electric vehicles has been estimated to be about 350,000 vehicles, but growth rates in the triple and high double-digits have been reported in the Netherlands (338%), Norway (129%), Germany (105%) and the U.S. (81%).
Hybrid vehicles saw relatively slow sales in early years, but much higher gasoline prices boosted sales which have now topped 3 million vehicles less than 15 years after initially being introduced.
Hydrogen fuel-cell vehicles, on the other hand, are unlikely to see widespread adoption within 10 years. There are simply too many outstanding technical issues, and costs remain substantially too high for widespread consumer acceptance.
(Source: The Wall Street Journal)
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