Stakeholders, financial incentives and natural Gas vehicles adoption :

Abstract

This was done by assessing the perception of regulators, NGV users, conversion centers and oil and gas companies on the influence of financial incentives on NGVs adoption. Quantitative data collected through questionnaire was analyzed using descriptive statistics with aid of Microsoft Excel. Qualitative data were analyzed using content analysis. The findings of the study show that individuals are uncertain about the effects of financial incentives like loans. However, the results further show that subsidies, tax incentives, cost reduction, and financial information availability were found having an influence on NGVs adoption in Tanzania. The study, therefore, concludes that for the stakeholders especially the oil and gas companies, regulators and conversion centers to stimulate adoption of NGVs they have to put in place attractive financial incentives and make sure that the information is available to users.