In 2023, the total support for natural gas in transportation in France was recorded at $235 million. Moving forward, projections indicate a steady increase, with values rising to $239.86 million in 2024, $244.87 million in 2025, $249.19 million in 2026, $252.92 million in 2027, and $256.14 million in 2028, all expressed in constant 2020 US dollars. This growth reflects a consistent annual increment of approximately 1.5-2%, indicating a positive trend. Over the five-year outlook, the compound annual growth rate (CAGR) showcases a modest yet stable growth trajectory.
Future trends to watch for include:
- Technological advancements in natural gas vehicles improving efficiency.
- Government policies and incentives promoting cleaner transportation fuels.
- Fluctuations in traditional fuel prices influencing natural gas adoption.
- Potential developments in bio-LNG and renewable natural gas technologies.
