The Number 1 Resource for Vocational Truck Fleets

Work Truck Top News

Commercial Sales for Electric Trucks and Buses to Reach 805,000 by 2023

April 28, 2015 - Press Release

According to a recent report from Navigant Research, sales of electric trucks and buses are expected to total more than 805,000 from 2014 to 2023.

Although medium- and heavy-duty vehicles represent just a fraction of all vehicles on roadways today, they contribute significantly to road transportation sector fuel consumption and carbon emissions. However, electric drive vehicles — with improved fuel efficiency, technological advances, and an alternative to gasoline and diesel fuels — are beginning to make inroads in this segment as commercial and government fleet operators consider investing in greener vehicles.

“Recent innovation in the electric drive medium-/heavy-duty segment has the possibility to offer significant benefits for commercial applications,” said David Alexander, senior research analyst with Navigant Research. “For example, some hybrid electric vehicles have drive cycles specifically designed for stop-start traffic, and many plug-in electric vehicles can use onboard electrical energy to replace idling diesel engines or provide temporary power to buildings or tools at remote sites.”

Despite these advances, most fleet managers are more concerned with the return on investment than with the technology and are targeting a payback term of less than three years, according to the report. While incentives can help to lower the initial investment, managers look at the overall cost of running a fleet for multiple years, considering the effect of introducing new technology on the fleet as a whole and not just replacing a single vehicle with a different one.

The report, “Electric Drive Trucks and Buses,” analyzes the global market for commercial vehicles that use electric drive vehicle technology in three main segments: hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). Forecasts for the two hybrid segments fueled partly by petroleum derivatives (PHEVs and HEVs) are broken out by region and by fuel: gasoline or diesel. Global market forecasts for sales and the number of vehicles in use, segmented by country, drivetrain, and liquid fuel, extend through 2023.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

FleetFAQ

Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All

 

Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All

 

Sponsored by

Nissan, originally known as Datsun, was founded in 1933. Nissan established a fleet department in 1972.

Read more