Pike Research's study, "Hybrid Electric Vehicles for Fleet
Markets", analyzes the opportunities and challenges for light-
duty HEVs, PHEVs and BEVs in commercial fleet markets around
the world. The study examines global growth drivers and
business case considerations for fleet managers, and includes
detailed market forecasts, segmented by world regions and key
countries, as well as profiles for key industry players.
Commercial and government fleet managers are looking to a
variety of technologies to protect their budgets from increasing
fuel costs and meet emissions-reduction targets are finding that
hybrid electric vehicles (HEVs) can help accomplish both
goals.
HEVS can improve fuel economy between 5 percent and 40 percent and lower
emissions 10 percent to 50 percent below comparable vehicles with internal
combustion engines (ICEs). According to a new report from Pike
Research, the global market for HEV light-duty vehicles in the
fleet sector will increase at a compound annual growth rate
(CAGR) of 17.5 percent during the years from 2010 to 2015, with vehicle
sales surpassing 740,000 per year by the end of that
period.
"There is a compelling case for hybrid fleet vehicles
from the perspective of fuel efficiency and environmental
impact, but a number of economic challenges still remain for the
industry," says senior analyst Dave Hurst. "Lifetime costs for
HEVs, including the cost of the vehicle plus fuel, can often be
higher than ICE vehicles. However, a number of government
incentives are helping to close the gap for fleet operators. In
addition, many fleet managers are electing to purchase HEVs as a
means of complying with requirements to reduce fleet emissions,
as well as to hedge against higher fuel costs in the
future."
Hurst adds that passenger cars will be the largest segment for
HEVs in fleet markets, but some of the highest growth rates over
the next five years will be in the SUV and pickup truck
segments, particularly in the United States. For plug-in hybrid
electric vehicles (PHEVs), Pike Research anticipates that
passenger cars will be even more prominent, representing more
than 80% of the fleet market in 2015, due to automakers' focus
on consumer markets for PHEV model launches.
For more information, and to download an Executive Summary of
the report visit visit www.pikeresearch.com.
