PLUG-IN LIGHT DUTY VHCL MRKT TO GROW

Transportation Forecast: Light Duty Vehicles;Light Duty Stop-Start, Hybrid Electric, Plug-In Hybrid Electric, Battery Electric, Natural Gas, Fuel Cell, and Conventional Vehicles: Global Market Forecasts, 2014-2035

2Q 2014 (Navigant Research)

“…Over 1.2 billion vehicles are on the world’s roads today, and more than 95% belong to the [light duty vehicle (LDV)] segment. Of these vehicles, over 98% utilize a conventional internal combustion engine (ICE)…[A]doption of light duty (LD) alternative fuel vehicles (AFVs) and fuel efficient technologies varies from region to region. Nonetheless, the increased adoption of drivetrain electrification and alternative fuels will have considerable impacts on the markets for LDVs, fuel infrastructure development, and energy demand. Navigant Research forecasts that global annual LDV sales will grow from nearly 84.1 million vehicles in 2014 to 126.9 million in 2035…” click here for more

click to enlarge

Tweet