Archive · 18 Jun 2025
LNG Remains Cheapest Fuel Option for Buses and Trucks Till 2040
Imagine different types of fuel like gasoline, diesel, and electricity for vehicles.
This report says that for big trucks and buses, using liquefied natural gas (LNG) is the cheapest option for the next 15 years.
Electric cars are cheaper for smaller vehicles like scooters and taxis, especially in places that support them.
LNG is cheaper because it doesn't have extra costs like CNG.
So, even if the vehicles travel different distances or maintenance costs change, LNG stays the most affordable choice for buses and trucks.
LNG is projected to be the cheapest fuel option for buses and trucks until 2040.
EVs are cost-competitive in two and three-wheelers, taxis, and private cars with supportive policies.
LNG has the lowest total cost of ownership (TCO) for HGVs across all scenarios, despite distance variations.
LNG refuelling stations can be set up along key highways, according to the study.
LNG can be cheaper than CNG due to distribution methods and taxes.
- Who
- The Council on Energy, Environment and Water (CEEW) conducted the study.
- What
- A study compared fuel costs for various vehicles.
- When
- The study projects that LNG will remain the cheapest option until 2040, according to the source.
- Where
- The study did not mention any specific locations.
- Why
- To analyze the total cost of ownership (TCO) of different fuel options.
EV Advocates
LNG Proponents
Cost Comparison
EV Advocates
Electric vehicles are cost competitive
LNG Proponents
LNG offers best economic value now
- Study Author
- Council on Energy, Environment and Water (CEEW)
- Fuel Type
- Liquefied Natural Gas (LNG)
- Vehicle Types
- Buses, Heavy Goods Vehicles (HGVs), Medium Goods Vehicles (MGVs), Two and three-wheelers, Taxis, Private Cars
- Cost Comparison
- LNG cheapest for HGVs; EVs cheaper for some small vehicles
- Forecast Period
- Until 2040 for LNG cost effectiveness