Friday, February 22, 2013

Study: Annual autogas vehicle sales to reach 1.4 million by 2020


According to a new report from Pike Research, the number of propane autogas vehicles sold worldwide each year will surpass 1.4 million by 2020.
Pike Research currently estimates that about 1 million vehicles will be converted to autogas and sold around the world this year.

Most global regions will experience growth over the next seven years between 2-4 percent, the firm says, but it expects North America to exhibit at least 7 percent growth in conversions through 2020. Still, the firm expects the rise in the number of conversions to be a reflection of local fleet operations only.

Read more here.

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