Fuel Management

Fleets to Purchase Nearly 4 Million Hybrids by 2015

November 17, 2009

BOULDER, CO - Cumulative sales of hybrid vehicles in the fleet sector will total nearly 4 million worldwide between 2009 and 2015, according to a recent report from Pike Research titled "Hybrid Electric Vehicles for Fleet Markets." The research company forecasts hybrid fleet sales will increase from 300,000 in 2009 to more than 830,000 in 2015.

"The biggest growth categories for fleet hybrids are medium/heavy duty trucks and buses," said 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 percent of buses sold in 2015 will be hybrids."

North America will be the leading region in terms of hybrid fleet penetration, according to Wheelock, with hybrids reaching 8 percent of all fleet sales in the next five years. Early adopters will include government, university, and utility company fleets.

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. For more information, go to www.pikeresearch.com.

 

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