Rising fuel costs, expensive EVs making CNG a welcome relief, alternate fuel for mobility: Report

Rising fuel costs and prohibitively expensive electric vehicles are making compressed natural gas (CNG) “a welcome relief and alternate fuel” for mobility for Indian consumers, according to a report by NRI (Nomura Research Institute) Consulting & Solutions.

CNG vehicle sales continued to grow in FY22, rising by 55 per cent to 2,65,383 units in FY22 compared to 1,71,288 units in FY21, as per NRI’s report titled ‘Path to clean mobility: Increasing penetration of NGVs in India’.