Nearly 4 million hybrid and electric vehicles to be purchased by fleet managers through 2015

“The biggest growth categories for fleet hybrids are medium/heavy duty trucks and buses,” says managing director Clint Wheelock. “Manufacturers are beginning to turn their attention beyond light duty vehicles to the efficiency opportunities for hybrid drive in heavy trucks. For example, in North America nearly 10% of buses sold in 2015 will be hybrids.”

Wheelock adds that North America will be the leading region in terms of hybrid fleet penetration, with hybrids reaching 8% of all fleet sales in the next five years. Early adopters will include government, university, and utility company fleets. Asia Pacific will be the leader in terms of unit volumes by that time, reaching 420,000 fleet hybrids sold per year, though the hybrid penetration will be somewhat lower than North America’s.

Pike Research’s study, “Hybrid Electric Vehicles for Fleet Markets”, analyzes the opportunities and challenges for HEVs and PHEVs in fleet markets around the world, including light cars and trucks as well as the medium/heavy duty truck segments. The study examines global growth drivers and business case considerations for fleet managers, and includes detailed 7-year market forecasts as well as profiles for key industry players. An Executive Summary of the report is available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Clean Transportation, Clean Industry, Corporate Sustainability, and Building Efficiency sectors.

www.pikeresearch.com/research/hybrid-electric-vehicles-for-fleet-markets