Compressed Natural Gas (CNG/RNG) Market Worth $218.18 Billion by 2026

The global compressed natural gas (CNG/RNG) market is anticipated to reach USD 218.18 billion by 2026 according to a new report published by Polaris Market Research. CNG has continued to grow as a clean fuel with the inception of RNG renewable natural gas. CNG Fueled Vehicle use is increasingly being used in Asia-Pacific region, Europe, Latin America, and North America owing to the increasing gasoline prices and as an important initiative to reduce carbon emissions. NGV Global Group is strategically poised as demand for CNG conversions across all truck classes increases. 

As Global Markets are growing so are demands for vehicles as companies race to lower their emissions. Mega corporations like UPS continue investing millions into their CNG infrastructure. Small government municipalities continue to grow their CNG fleets as well. NGV Global Group has seen a demand increase across all truck classes. NGV Global Group sells and leases all truck classes such as box trucks, buses and semi trucks.

Moreover, CNG is much more fuel-efficient in comparison to gasoline. Owing to its clean-characteristics, it increases vehicles’ longevity and increases maintenance intervals. Change of engine oil with filter is required to be done after every 3,000 to 4,000 miles for a typical gasoline vehicle, but for the CNG vehicles, it extends over 9,000 to 10,000 miles. Technological developments in CNG vehicles, which are currently equipped with clean-burning fuel systems, CNG enables to save almost half of the gasoline price along with much lower levels of emission thus contributing towards a greener environment. Therefore, these factors of CNG being the cleanest transportation fuel for vehicles with an offering of similar vehicle performance, relatively low product cost and with significantly low carbon emissions compared to other fossil fuels, the industry is expected to develop significantly over the forecast period.

Asia Pacific was the largest regional market in 2017. Pakistan was the largest market in terms of presence of CNG vehicles in the region. India, China and Thailand are yet other emerging nations for growing product demand.  Latin America is expected to be one of the fastest-growing regional markets backed by momentous demand from Argentina and Brazil. Europe on the other hand is a potential contributor to its demand with Russia and Italy leading the way, however, growing popularity of electric vehicles in many of the nations such as the Netherlands is projected to hinder industry growth over the forecast period.

For more information on how to acquire your CNG/RNG Box Trucks, Busses and Semi Trucks please give us a call. We can walk you through the steps and help you weigh your options regardless of your company size.  

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NGV Global Group Inc.

10733 Spangler Rd,

Dallas, TX 75220 USA

Phone: +1 (214) 630-1000

Mail: info@ngvglobalgroup.com

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After Marathon Markup, Committee Advances the INVEST in America Act, a Transformational Surface Transportation Bill to Move Nation’s Infrastructure into New Era

Chair DeFazio: “The INVEST in America Act is our opportunity to replace the outdated systems of the past with smarter, safer, more resilient infrastructure that fits the economy of the future, creates millions of jobs, supports American manufacturing, and restores U.S.
competitiveness

Washington, DC – Today, Chair of the House Committee on Transportation and Infrastructure Peter DeFazio (D-OR), released text of the Investing in a New Vision for the Environment and Surface Transportation in America (INVEST in America) Act, a key component of the Moving Forward Framework that House Democrats, led by Chair DeFazio, released earlier this year. The bill’s original cosponsors are Subcommittee on Highways and Transit Chair Eleanor Holmes Norton and Subcommittee on Railroads, Pipelines, and Hazardous Materials Chair Dan Lipinski. The Committee will consider the INVEST in America Act at a Committee markup scheduled for Wednesday, June 17th. The current surface transportation authorization expires September 30th.

The INVEST in America Act, which enables the completion of critical projects through long-term, sustainable funding and is fueled by American workers and ingenuity thanks to strong Buy America provisions and labor protections, authorizes nearly $500 billion over five years to address some of the country’s most urgent infrastructure needs, including:

• Tackling the massive backlog of roads, bridges, and transit systems in need of repair and replacement

• Building resilient infrastructure that will withstand the impacts of climate change and extreme weather

• Designing streets that are safer for all road users, including pedestrians and cyclists •

Putting the U.S. on a path toward zero emissions from the transportation sector by prioritizing carbon pollution reduction, investing in public transit and the national rail network, building out fueling infrastructure for low- and zero-emission vehicles, and deploying technology and innovative materials

• Sharply increasing funding for public transit options in urban, suburban and rural areas in order to integrate technology and increase routes and reliability with tools such as bus-only lanes and priority signaling

• Making transformational investments in Amtrak in order to create a robust, reliable rail system and to address long-neglected maintenance needs in the Northeast Corridor and throughout the country while also enhancing rail worker and passenger safety and helping communities address grade crossing issues

• Improving access to Federal funding to help communities around the country undertake transformative projects that are smarter, safer, and made to last The INVEST in America Act also accounts for the economic downturn caused by the global pandemic and ensures States, cities, tribes, territories, and transit agencies can administer programs, advance projects, and preserve jobs in the aftermath of the COVID-19 crisis.

The INVEST in America Act authorizes a sharp increase in funding to continue current programs in the first year of enactment of the bill (FY 2021) with wider policy implementation occurring in FY 2022.

“The bulk of our nation’s infrastructure—our roads, bridges, public transit and rail systems, the things that hundreds of millions of American families and businesses rely on every single day— is not only badly outdated, in many places it’s downright dangerous and holding our economy back. Yet for decades, Congress has repeatedly ignored the calls for an overhaul and instead simply poured money into short-term patches. The result? We’re still running our economy on an inefficient, 1950s-era system that costs Americans increasingly more time and money while making the transportation sector the nation’s biggest source of carbon pollution,” Chair DeFazio said. “That all changes with the INVEST in America Act. After holding nearly 20 Committee hearings, receiving testimony from dozens and dozens of witnesses and Members of Congress, and engaging with hundreds of advocates and transportation agencies, I am proud to bring together the ideas and the needs into one transformational bill that will catapult our country into a new era of how we plan, build, and improve U.S. infrastructure. The INVEST in America Act is our opportunity to replace the outdated systems of the past with smarter, safer, more resilient infrastructure that fits the economy of the future, creates millions of jobs, supports American manufacturing, and restores U.S. competitiveness.”

As Chair of the Subcommittee on Highways and Transit, I have had the opportunity to help write a bill that for the first time will move the nation from a narrow emphasis on building new roads for more vehicles to urgent issues propelled by 21st century transportation,” Chair Norton said. “For example, this bill focuses on transportation challenges compelled by climate change and on other frontline issues such as new ways to fund infrastructure in the United States.”

“I am proud to have joined with Chair DeFazio and Chair Norton to craft this innovative bill that not only makes robust investments in roads, bridges, passenger rail, transit, bike/ped, and other infrastructure, but will also profoundly transform mobility, protect the environment, and improve the quality of life for all Americans,” Chair Lipinski said. “As Chairman of the Rail Subcommittee, I am especially proud of the significant increase in funding and other support for commuter rail as well as Amtrak, and provisions to help eliminate problems for communities heavily impacted by railroads.”

https://transportation.house.gov/the-invest-in-america-act

https://transportation.house.gov/the-invest-in-america-act
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New $22 million pilot to fund equitable, clean transportation options in disadvantaged communities

The California Air Resources Board will give up to $22 million in awards to address transportation needs in disadvantage and low income networks with clean transportation alternatives under another $22 million pilot venture.

The funding, accessible through the Sustainable Transportation Equity Project (STEP), will support the planning and usage of clean transportation ventures. Lead candidates may incorporate community based organizations, federally recognized tribes and local governments. Grant applicants include partnerships between a lead applicant, co-applicants (e.g. public, private or nonprofit organizations) and community partners. Proposals are due August 31, 2020.

“The goal of this new project is for communities to make decisions about their own transportation needs, and help residents get where they need to go — be it the doctor’s office, the grocery store, or daycare — without using a personal vehicle,” CARB Executive Officer Richard Corey said.

The grants are structured to support the unique needs of a community with the overarching goal to increase transportation equity in California’s disadvantaged and low-income communities. To accomplish this, STEP offers two grant types:

Up to $2 million for multiple Planning and Capacity Building Grants to help disadvantaged and low-income communities identify residents’ transportation needs and prepare them to implement clean transportation projects like:
Community transportation needs assessments
Feasibility studies
Community engagement activities or events
Combined mobility and land use plans
Up to $20 million for one to three Implementation Grants to fund combinations of clean transportation and supporting projects that will help residents in disadvantaged communities get where they need to go without a personal vehicle including:
New bus-rapid transit or vanpool service
Bicycle and pedestrian infrastructure
Land use and mobility plan
Parking pricing program
Applicants should identify which grant type best suits their needs.

CARB will host multiple teleconference sessions to answer questions throughout the solicitation period. Technical assistance may also be provided to interested applicants. Applicants can also email STEP staff members at step@arb.ca.gov.

Please note that these funding amounts are not guaranteed and are subject to change. The final funding amount will be determined through a public work group meeting during the solicitation period and the resulting determination will be posted at Low Carbon Transportation Investments Meetings & Workshops.

STEP is part of California Climate Investments, a statewide initiative that has put billions of cap-and-trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment — particularly in disadvantaged communities. STEP is part of a larger approach to promoting low-carbon transportation solutions in California. Other programs range from Clean Mobility Options, a pilot also providing funding for smaller-scale shared mobility projects, to the Clean Vehicle Assistance Program, providing grants and affordable financing to help get people into clean cars.

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Trucking’s Journey To Zero Emissions With CNG, RNG

Trucking fleets of all sizes will be affected by the mandates that are taking place in the industry throughout the country. As the timeline to be compliant with new laws comes closer everyday, owners and fleet managers are looking for viable options that fit with their business model. 

John H. Davis, is the host and executive producer for “Motor Week” of 40 years and spoke in regards to these industry challenges. “The challenge for every fleet—no matter how small—and every manufacturer is to get ahead of these mandates for new technologies using alternative fuels,” Davis said. “And I don’t mean just electrification either. As we all know, there is no one-size-fits-all when it comes to alternative fuels and commercial trucks.”

Change was on the horizon years ago, we are now in it. With more and more data showing the health and environmental effects that emissions have, companies are taking steps to secure their future in a changing industry. Truck Fleets are switching out a percentage or all of their vehicles to CNG Trucks to secure their future bid in the industry.

CNG trucking has become even more popular as RNG (Renewable Natural Gas) competes as one of the cleanest alternative fuels. The reason why it competes with even the electric market is renewable natural gas is already here, and already being released into the environment. Waste water treatment sites, cattle farms and land fills that are already burning methane are abundant in RNG. By taking this RNG and repurposing it into vehicles you get a negative NOx. 

Infrastructure for CNG is already in place in most areas. In addition, companies can add their own CNG facility on property and create gas from .40 to .90 cents a gallon. Minus that from your current diesel costs per month and you are looking at significant savings. NGV Global Group has been increasing their production of Compressed Natural Gas Trucks to keep up with the demand. NGV Global Group has been receiving an increase in Class-6 local delivery trucks and Semi Trucks.

NGV Global Group offers truck fleets leasing and purchasing options for CNG Trucks. NGV Global Group has helped companies of all sizes navigate in the alternative fuel vehicle space. 

GET MORE INFO

NGV Global Group Inc.

10733 Spangler Rd,

Dallas, TX 75220 USA

Phone: +1 (214) 630-1000

Mail: info@ngvglobalgroup.com

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