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Pike Releases Study on Fleet Use of Hybrid Electric Vehicles (posted 11/19/09)

November 19, 2009
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According to “Hybrid Electric Vehicles for Fleet Markets,” a recent report from Pike Research, cumulative sales of hybrid vehicles in the fleet sector will number nearly four million worldwide between 2009 and 2015. Hybrid electric vehicles represent a growing percentage of total vehicle purchases by corporate and government fleets around the world, as fleet managers strive to reduce both the costs and the carbon footprints of their cars, vans, buses and trucks. Pike forecasts that hybrid fleet sales will increase from 300,000 in 2009 to more than 830,000 in 2015.

“The biggest growth categories for fleet hybrids are medium/heavy-duty trucks and buses,” said Clint Wheelock, managing director. “Manufacturers are beginning to turn their attention beyond light-duty vehicles to the efficiency opportunities for hybrid drive in heavy trucks. For example, in North America, nearly 10% of buses sold in 2015 will be hybrids.”

According to Wheelock, North America will be the leading region in terms of hybrid fleet penetration, with hybrids reaching 8% of all fleet sales in the next five years. Early adopters will include government, university and utility company fleets. Asia Pacific will be the leader in terms of unit volumes in that timeframe, reaching 420,000 fleet hybrids sold per year, though the hybrid penetration will be somewhat lower than North America’s.

For more information, call (303) 997-7609 or visit www.pikeresearch.com.

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