Hybrid Trucks and Buses to Reach 300,000 by 2015
According to Pike, some 300,000 such vehicles will be roaming the streets, providing in between 5 and 50 percent reduction in fuel consumption. To have an idea on how this huge market will evolve, we must take into account that currently there are around 9,000 hybrid buses and trucks on the roads of the world.
“Fleet managers are actively seeking tools to insulate themselves from growing fuel costs and increasingly stringent emissions regulations but at the same time they do not want to compromise on vehicle requirements," Dave Hurst, Pike Research senior analyst says in a statement.
"Many new hybrid truck designs introduced in the next few years hold strong potential to strike a balance between efficiency, cost, and performance.”
As with the other segments of the hybrid and electric market, although the US is currently leader, it will most like lose the number one spot to Asia, which is catching up fast through China and Japan.
Earlier this week, Pike named China the most likely to succeed when it comes to leading the EV battery market. The outlook is China will account for 53 percent of the world's battery sales (estimated at 8 billion).
Pike believes that sales of electric vehicles in Asia will reach 1.1 million in 2015, more than the EV sales in the US and Europe combined.
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