Even as the EV population grows, CNG vehicles are impacted due to rising cost of natural gas. The cost arbitrage was supposed to be a differentiator from petrol/diesel along with zero pollution. EVs have both these features. As such long term future of CNG vehicles and CNG stations looks bleak. Terminal value for any business related to CNG for automobiles needs to be reassessed. e.g vehicle tanks, CNG stations, cascades, etc.
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