300,000 Hybrid Trucks and Buses to be on the Road by 2015 — Colorado in the Mix as Center for Alternative Vehicles
While hybrid and electric cars for consumers get the lion’s share of attention when it comes to alternative transportation, the fleet sector is where more activity is taking place.
Reported by Ann Rascalli
Private companies like UPS, Encana and several public transportation departments across the country are utilizing hybrids, truck conversions and electric-powered vehicles in their fleet strategies.
Colorado Energy News recently interviewed Encana’s VP for Natural Gas Economy, David Hill (yes, the same name as our Executive Editor!) about the ptential of natural gas powered vehicles. He offered an interesting perspective on the current roadblocks to NGV deployment as well as what the company is doing here in Colorado. Click here to access the Encana Solutions publication and read the article.
According to Pike Research of Boulder, which released a report earlier this month, there will be 300,000 hybrid trucks and buses to be on the road by 2015.
Transit buses have long been an important platform for testing new drivetrains in the heavy-duty vehicle market, but 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. According to a new report from Pike Research, the global market for hybrid medium and heavy-duty trucks and buses will increase from 9,000 vehicles sold in 2010 to more than 100,000 vehicles in 2015. During this five-year period, the cleantech market intelligence firm forecasts that a total of nearly 300,000 hybrid trucks will be sold worldwide.
“Fleet managers are actively seeking tools to insulate themselves from growing fuel costs and increasingly stringent emissions regulations,” says senior analyst Dave Hurst, “but at the same time they do not want to compromise on vehicle requirements. Many new hybrid truck designs introduced in the next few years hold strong potential to strike a balance between efficiency, cost, and performance.”
Hurst adds that, 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. 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.
The company’s analysis further indicates that both hybrid and battery electric vehicles have good potential for the medium and heavy-duty truck classes. Fleets that need to cover expansive territory while carrying heavy-duty loads will likely adopt hybrid technology to help contain the costs of the battery. On the other hand, fleets that have a set delivery or commuter route will likely gravitate toward battery electric technology. Hurst does not expect to see significant numbers in the plug-in hybrid truck category, though the greatest source of interest in plug-in hybrid trucks will be from utility companies.
Pike Research’s study Hybrid Trucks and Buses analyzes the opportunities and challenges in the market for hybrid, plug-in hybrid, and battery electric medium and heavy-duty trucks and buses. The report provides a comprehensive examination of hybrid and battery technologies, along with key drivers of demand from medium/heavy-duty truck fleet customers. The report also explores global government regulations related to diesel emissions and hybrid purchase incentives. It includes detailed forecasts through 2015 for commercial vehicle registrations, hybrid, plug-in hybrid, and battery electric medium and heavy-duty trucks segmented by country and world region, as well as bus fleets for the United States. Key market players are also profiled. An Executive Summary of the report is available for free download on the firm’s website.
Filed Under: ARCHIVES • CLEANTECH
Tags: alternative transportation • electric cars • hybrid vehicles • UGM Technologies
