ACT Research predicts that electrification of the Class 4-8 commercial vehicle market in the U.S. and Canada will top 40% by 2040. HDT sits down with ACT's Jim Meil to dig into the report.
U.S. and Canadian natural gas Class 8 truck retail sales were down 23% year-to-date through November 2018, according to a quarterly report from ACT Research.
Truck orders in the first quarter of 2018 hit the second highest mark in history and mark the best period for orders since 2006, according to ACT Research.
Orders of medium-duty vehicles surged in January and reached their highest level since the middle of 2006, according to ACT Research. Class 5 to 7 orders increased 39% during the month compared to January of 2017.
Class 8 truck orders soared in January to their highest level since 2006, according to early reports from transportation analysts at ACT Research and FTR.
Heavy- and medium-duty truck orders are expected to total 58,800 units in December, hitting a 3-month high to end the year, according to early numbers from ACT Research.
While U.S. Department of Energy grants are still funding electric vehicle and alternative fuel technologies, it is uncertain how the Trump administration could affect this funding in the future.
Orders of classes 5 to 7 vehicles declined 1.1% in 2016 after a strong December finish and have outpaced heavy-duty truck orders in part due to pent-up demand from government fleet purchasers, according to ACT Research.
The average age of commercial truck fleets is shifting, and Class 5 trucks now make up the youngest commercial trucks on the road in a segment that's one of the fastest growing, sources told Work Truck magazine.
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