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October 11, 2005
Europeans move closer to mass CNG vehicle market
One of Europe's leading gas company, Gaz de France and automaker Peugeot Citroen are to launch a compressed natural gas (CNG) powered vehicle in Europe. Lunch of Citreon C3 car by two large players in the energy and automobile sectors is expected to boost market for CNG in Europe.
With about 420,000 vehicles on the road today, Italy is Europe's largest CNG vehicle market. However, even in Europe's largest market CNG vehicle constitute only 1.2% of the total number of vehicles.
CNG has a number of cost and environmental advantages over conventional fuels. Environmentally it produces less carbon emissions than gasoline, produces very few evaporative emissions and does not have the potential for contamination if the fuel is spilt or leaks.
From a cost perspective CNG costs less than 50% compared to conventional gasoline powered vehicles even after considering conversion costs.
Posted by admin at October 11, 2005 02:40 PM