The US holds the largest natural gas reserves yet has the lowest market penetration for compressed natural gas (CNG) vehicles due to restrictive regulations. Costs for EPA certification exceed $100,000 per engine family, with vehicle inspections at $650 every 36 months and conversion expenses ranging from $7,000 to $12,000. In contrast, international conversion costs are significantly lower. Reforming these regulations could create substantial jobs, save consumers billions, and lead to a considerable reduction in transport emissions over the next decade. CNG adoption rates show a correlation with regulatory complexity in various global markets.
The US has the world's largest natural gas reserves and infrastructure, yet maintains the world's most restrictive CNG regulations, resulting in less than 0.1% market penetration.
EPA certification costs over $100,000 per engine family, vehicle inspections cost $650 every 36 months, and conversions range between $7,000-$12,000 compared to $360-$1,500 internationally.
Regulatory reform could create 125,000 jobs, save consumers $180 billion annually, and reduce transport emissions by 45 million tons per year by 2035.
CNG adoption rates inversely correlate with regulatory complexity across global markets, highlighting differences in CNG vehicle counts between countries like the US, China, and India.
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