Hybrid-Electric Truck and Bus Market Growth Trajectories in North America and Western Europe

Hybrid-Electric Truck and Bus Market Growth Trajectories in North America and Western Europe

  • October 2016 •
  • 78 pages •
  • Report ID: 4297419
Rapid Growth Expected Beyond 2020 with Penetration of New Green MD-HD Trucks and Buses Reaching 7.4% by 2025

The European Union’s Vision 20-20-20 for emission reduction combined with the proliferation of shale gas in North America is renewing interest in alternate and cleaner powertrain technologies. Although fully electric vehicles are considered the definitive future of automobile powertrains, existing limitations in battery range and cost competitiveness have inhibited their mass adoption in the commercial vehicle industry. The recent product announcements and launches by traditional truck and bus OEMs such as Daimler AG and Volvo Group alongside start-ups such as Tesla, Nikola, and Proterra is indicative of expected widespread adoption of hybrid-electric technology in North America and Europe.