BIG MRKT AHEAD FOR NEW ENERGY FUELED BIG VEHICLES

Transportation Forecast: Medium and Heavy Duty Vehicles; Medium and Heavy Duty Hybrid Electric, Plug-In Hybrid Electric, Battery Electric, Natural Gas, Propane Autogas, Fuel Cell, and Conventional Vehicles: Global Market Forecasts, 2014-2035

2Q 2014 (Navigant Research)

"The global medium and heavy duty vehicle (MHDV) market is changing rapidly, due to rising fuel costs and environmental concerns that are pushing commercial and government fleet operators to consider investments in fuel efficiency technologies and alternative fuels. Navigant Research projects that today more than 1.2 billion light, medium, and heavy duty vehicles are on roads, and less than 5% belong to the MHDV segment. Of these vehicles, over 94% utilize a conventional internal combustion engine (ICE) powered by either gasoline or diesel…The MHDV markets’ dependency on oil has pushed governments to examine programs that will speed the adoption of…[less] expensive alternatives to petroleum-based fuels…[and fleet managers have begun seeing] a return on investment in as few as 3 years…Navigant Research forecasts that global annual MHDV sales and conversions will grow from 4.3 million vehicles in 2014 to 7.1 million in 2035…” click here for more

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