NGVs can play a big role in transforming mobility in India, as an automobile fuel, natural gas is a proven technology in terms of providing better air quality, sustainability and eco-friendliness.
Natural gas vehicles are likely to account for 50% of new three- and four-wheeler sales by 2030. This study has shared the detailed impact of the implementation of BS-VI emission norms on the increased price differential between CNG and diesel vehicles, making CNG vehicles more attractive. The CNG infrastructure is the main driver for CNG vehicle demand, which has led to original equipment manufacturers increasingly offering CNG variants in passenger, commercial and goods vehicle segments. This study said that by 2030 India is likely to have 15,000 CNG stations and 1,500 LNG stations. The CNG retro fitment technology can also be leveraged to convert existing vehicles running on conventional fuels, the study found.
The primary energy consumption in India is largely dependent on coal and imported crude oil. The transport sector is one of the major contributors to the crude oil burden as it makes up around 53% of demand of petroleum products, the study said.
The study further reveals that cost competitiveness, infrastructure development and domestic manufacturing will make LNG a promising alternative to fuels used in long-haul trucks and intercity buses.
Read NRI’s predictions and recommendations on the future of NGV and it’s impact to the country.