NewEnergyNews: COMMERCIAL EV BIZ TO GROW 10 TIMES OVER IN NEXT 10 YEARS

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    Friday, January 30, 2015

    COMMERCIAL EV BIZ TO GROW 10 TIMES OVER IN NEXT 10 YEARS

    Electric Drive Trucks and Buses; Market Data for Medium and Heavy Duty Commercial All-Electric, Plug-In Hybrid Electric, and Hybrid Electric Vehicles

    1Q 2015 (Navigant Research)

    “The global medium and heavy duty vehicle (MHDV) market is changing…[but electric] power for commercial vehicles has always been a challenge because of the size of the battery packs required to store and deliver enough energy to drive heavy vehicles over practical distances. It is not just the cost; the size and weight can also significantly reduce the payload, which is a major concern for fleet operators…Electric hybrid vehicles are now being used in commercial applications where the improved technology offers major benefits for specific drive cycles that involve city driving in stop-start traffic…[and] niche applications that can use onboard electrical energy to replace idling diesel engines or provide temporary power to buildings or tools at remote sites. Low-emissions zones in cities are being introduced that will result in greater demand…According to Navigant Research, global sales of electric drive and electric-assisted commercial vehicles are expected to grow from less than 16,000 in 2014 to nearly 160,000 in 2023…” click here for more

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