The Future of Trucking: Pike Research Forecasts 300,000 Medium- and Heavy-Duty Hybrid Trucks and Buses Worldwide by 2015; 63% CAGR
Pike Research forecasts that worldwide sales of medium- (MD) and heavy-duty (HD) hybrid, plug-in hybrid and battery electric trucks are will grow at a compound annual growth rate (CAGR) of 63%, with sales of almost 300,000 vehicles during the period from 2010 to 2015.
While North America is currently the leading region for hybrid trucks, Asia Pacific will take the lead in 2011, driven by growth in both Japan and China, according to the report. Pike Research forecasts that the United States will remain the largest singular market for hybrid trucks and buses between now and 2015, followed closely by China.
Within the past couple of years, manufacturers have significantly increased their development of hybrid electric and hydraulic hybrid drivetrains for the medium- and heavy-duty truck segments. These hybrid vehicles promise a reduction in fuel consumption between 5% and 50% depending on design, which will help reduce costs and emissions, making hybrid trucks more and more attractive for fleet managers… (more)
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