TEN TIMES GROWTH FOR PLUG-IN TRUCK MARKET BY 2020

Hybrid and Electric Trucks; Hybrid Electric, Plug-In Hybrid, and Battery Electric Light Duty, Medium Duty, and Heavy Duty Trucks and Vans: Global Market Analysis and Forecasts

4Q 2013 (Navigant Research)

"The hybrid and electric truck market experienced a demand surge from 2008 to 2011, even as the broader truck market foundered in the global economic downturn…As of 2013, the economic stimulus programs are winding down…Although many fleets are interested in using these vehicles to support corporate sustainability targets, ultimately most purchasing decisions are driven by cost. Not all applications for hybrid and electric trucks provide sufficient fuel savings to offset the price premium over diesel or gasoline trucks…Navigant Research forecasts that global annual unit sales for hybrid and electric trucks – including light duty trucks used by commercial fleets and all medium and heavy duty on-road trucks – will rise from under 10,000 in 2013 to more than 100,000 in 2020…” click here for more

click to enlarge

Tweet