14% of MD and HD Vehicles Sold in 2035 to Run on Alternative Fuels
According to a new report from Navigant Research, worldwide sales of alternative medium and heavy duty vehicles (MHDVs) will reach 14 percent of total sales of all vehicles in their class by 2035.
MHDVs currently represent less than 5 percent of the total vehicle market today, and the vast majority of these use conventional internal combustion engines (ICE) powered by either gasoline or diesel.
Navigant predicts: “That is changing as less expensive alternatives to petroleum-based fuels, such as natural gas, liquefied petroleum gas (LPG – also known as propane or autogas), and electricity make inroads in the market.”
Noted Scott Shepard, research analyst with Navigant Research. “Natural gas has a significant advantage over most alternative fuels, in that low fuel costs and advances in infrastructure for both liquefied natural gas and fast-fill compressed natural gas make the fuel competitive in all market segments, including heavy duty long-haul trucking.”
The total number of MHDVs in use worldwide will nearly double between 2014 and 2035, according to the report.
Unlike light duty vehicles, most of today’s MHDVs are fueled by diesel fuel.
While diesel will remain the primary fuel choice of MHDVs throughout the forecast period, the percentage of MHDVs powered by diesel is expected to fall from more than 79 percent in 2014 to 76 percent in 2035.
Category: Fuel & Oil, General Update, Green, Vehicles
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