In a report on hybrid trucks and buses, Pike Research predicts that 300,000 of these vehicles will be on the world's road by 2015. Hybrid trucks and buses could reduce fuel consumption by 5 percent to 50 percent, depending on design. Because of the reduced costs and emissions, the attractiveness of these vehicles will grow. Pike expects 100,000 of them to be sold in 2015, up from 9,000 in 2010.
"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."
While North America currently leads as a user of hybrid trucks, the Asia Pacific market will lead in 2011, spurred by increased demand and growth in Japan and China. Until 2015, the United States will remain the biggest single market for hybrid trucks and buses, followed by China.
For the full report results, visit Pike Research.