According to a recent report by Navigant Research, worldwide sales of alternative fuel vehicles will reach 14% of total sales of medium and heavy duty vehicles by 2035.
The report additionally suggests that medium and heavy duty vehicles (MHDVs) in use worldwide will nearly double between 2014 and 2035. Unlike light duty vehicles (LDVs), most of today’s MHDVs are fueled by diesel. While diesel will remain the primary fuel choice through the forecast period, the percentage of vehicles powered by diesel is expected to fall from 79% in 2014 to 76% in 2035.
Medium and heavy duty vehicles currently make up less than 5% of the total vehicle market, and the vast majority use conventional internal combustion engines (ICE) powered by either gasoline or diesel. This is changing as less expensive alternatives to petroleum based fuels, such as natural gas, LPG and electricity gain market share.
Scott Shepard, research analyst with Navigant, said: “Attractive business cases for medium and heavy duty alternative fuel vehicles are emerging across varying segments of the market. 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”.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/15072014/alternative_fuel_trucks_927/