Class 8 Natural Gas Truck Retail Sales Flat Through August YTD
US and Canadian Class 8 natural gas truck retail sales were flat through August year-to-date.
“Despite the uncertainty of environmental change on the horizon, and continuing low oil prices, the future of alternative fuels led by NG/RNG is positive. The challenges of alternative fuel availability and distribution will be overcome; time is the biggest unknown.” said Ken Vieth, Senior Partner/GM at ACT Research.
He continued, “Based on industry news releases, natural gas vehicle purchases were dominated by refuse fleets through August year to date, followed by transit and school bus operators and then over-the-road applications.”
“Electric vehicle technology continues to make strides as it slowly penetrates various medium duty vehicle classifications with Class 8 on the docket,” as stated by Vieth. He continued, “All viable commercial vehicle power alternatives must now be considered to accurately measure potential cost savings for fleets, government applications and others, while meeting overall current and future emissions targets. Going green is a real market variable, while diesel is the king today.”
Category: Fuel & Oil, General Update, News
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