Hybrid Fleet Vehicle Sales to Surpass 740,000 Units per Year in 2015
The global market for hybrid light-duty vehicles in the fleet sector will increase at a compound annual growth rate (CAGR) of 17.5% during the years from 2010 to 2015, with vehicle sales surpassing 740,000 per year by the end of that period, according to a new report from Pike Research.
Commercial and government fleet managers are looking to a variety of technologies to protect their budgets from increasing fuel costs and, at the same time, meet emissions-reduction targets.
Fleet operators are increasingly finding that hybrid electric vehicles (HEVs) can help accomplish both goals - improving fuel economy between 5% and 40% and lowering emissions 10% to 50% below comparable vehicles with internal combustion engines (ICEs).
Pike Research anticipates that the fleet market for hybrid electric passenger cars and light duty trucks is expected to grow at a rate of 18% between 2010 and 2015, resulting in sales of more than 740,000 hybrid fleet vehicles worldwide in 2015.
Hybrids will account for 3.7% of global light duty vehicle fleet sales in 2015, while the largest single market, the United States, will see hybrids reach 7.4% of light duty vehicle fleet sales.
Tags: fleet vehicle sales, light duty trucks, light duty vehicles, market, Rate, Year
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