Navigant: Electric truck and bus sales projected to exceed 800K through 2023

By: InnovatioNews Friday May 1, 2015 0 comments Tags: Boulder, Navigant Research, electric vehicles

 

BOULDER -- Sales of electric trucks and buses are expected to total more than 805,000 between 2014 and 2023, according to a new report from Navigant Research.Navigant.logo

Navigant said electric-drive vehicles are beginning to make inroads as commercial and government fleet operators consider investing in greener vehicles that can save them money on fuel efficiency.

“Recent innovation in the electric-drive medium/heavy-duty segment has the possibility to offer significant benefits for commercial applications,” said David Alexander, Navigant senior research analyst.

“For example, some hybrid electric vehicles have drive cycles specifically designed for stop-start traffic, and many plug-in electric vehicles can use onboard electrical energy to replace idling diesel engines or provide temporary power to buildings or tools at remote sites.”

Despite these advances, most fleet managers are more concerned with the return on investment than with the technology are targeting a payback of less than three years, according to the report.

The report, “Electric Drive Trucks and Buses,” analyzes the global market for commercial vehicles that use a variety of electric-drive technologies.

An executive summary of the report is available for free download from the Navigant Research website.

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