Hybrid and Plug-In Truck Sales to Double This Year

January 23, 2012 / No Comments

Sales of hybrid and plug-in trucks are expected to double this year. A Pike research report evaluates the current scenario and suggests that with the prediction turning real,  C02 emissions can be controlled.

hybridtruck Hybrid and Plug In Truck Sales to Double This Year

As tentative steps are beginning to be taken by the global economy in its march toward recovery, truck manufacturers are looking at technologies that can help mitigate the rising cost of diesel fuel while meeting strict emissions requirements.

Trucks that utilize electricity to meet these goals come in four variations: hybrid electric, plug-in hybrid, battery electric, and plug-in electric power take-off to operate equipment onboard without using fuel.

As the technology costs fall and diesel prices increase, the value proposition for hybrid trucks is strong and it is expected that the sales will be doubling this year. Pike research suggests that by the end of 2012, hybrid and electric-drive truck sales around the world will reach about 19,000 vehicles and will increase by more than 45 percent for each of the next five years.

Pike Research’s report, “Hybrid Medium and Heavy Duty Trucks”, examines the opportunities and challenges in the market for hybrid electric, plug-in hybrid, and battery electric medium and heavy-duty trucks.

The report provides a comprehensive assessment of the different drive-trains, battery technologies, and key drivers of market growth.

It explores global government regulations regarding diesel emissions and vehicle purchase incentives and includes detailed forecasts through 2017.