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CNG & LPG Vehicle Market Set to Soar
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Overview
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The global CNG and LPG vehicle market is expected to reach USD 4.54 billion by 2028, fueled by the shift towards cleaner and sustainable energy alternatives. Technological advancements and economic benefits are driving market expansion, with the Asia-Pacific region leading the way. However, challenges like limited refueling infrastructure and higher vehicle costs may hinder growth.
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How does the projected growth in the CNG and LPG vehicle market reflect broader global trends towards sustainable energy?
How might the increasing adoption of cleaner fuels impact the traditional fossil fuel industry?
What strategies could be employed to address the challenges of limited refueling infrastructure in the CNG and LPG vehicle market?
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