Allen Schaeffer, Executive Director, Diesel Technology Forum has said that with diesel fuel prices dipping to the lowest levels since 2009, the US vehicle market is prime for potential market increases as several new 2016 clean diesel cars and pickup trucks prepare to hit showrooms in the coming months. AAA’s Daily Fuel Gauge Report last week highlighted that diesel fuel was cheaper than regular gasoline in 21 states and significantly cheaper than midrange and premium gasoline. Today, California has the largest gap as diesel is 70 cents cheaper per gallon than regular gasoline.
Schaeffer said, “the major decreases in diesel prices have emerged at a perfect time for drivers as almost 20 new clean diesel cars and pickup trucks are preparing to enter the US market. And when you combine the lower cost of diesel fuel along with its 20 – 40% higher fuel efficiency than gasoline, clean diesel vehicles make more economic sense for buyers than ever.
Trucking and farming
Schaeffer has also commented on the benefits that will be received by the diesel dominated trucking industry and farming, saying, “these low diesel prices are also great news for America’s truckers, farmers and construction firms. With 98% of all heavy duty trucks in the US running on diesel the price drop is having a major positive impact on the transportation of goods and agricultural production.”
To further highlight the economic benefits of clean diesel vehicles, Schaeffer has noted that a University of Michigan study “found that the total cost of ownership, depreciation, fuel costs, repairs, maintenance, insurance and fees and taxes, is often much less for diesel vehicles as compared to gasoline versions of the same vehicle, mostly ranging from US$2000 – 7000 over 3 – 5 years.”
Right here, right now
Schaeffer said, “we currently have a new generation of clean diesel passenger vehicles with proven real world fuel efficiency. These vehicles are clean with low CO2 emissions, they provide great performance, they are renewable fuel ready and most important, they are available to the American public right now. Clean diesel is not a bridge concept or down the road expectation, these vehicles are on the road right now providing impressive hybrid like mileage and meeting the same emissions standards as gasoline vehicles. Low diesel fuel prices that come in under already low gasoline prices are sure the send signals to interested car and truck buyers to consider the diesel option. More new clean diesel cars and trucks will help improve air quality, reduce carbon emissions and promote energy independence.”
Edited from press release by Claira Lloyd
Read the article online at: https://www.hydrocarbonengineering.com/refining/03082015/clean-diesel-cars-market/