Navigant Research Report Shows Plug-In Electric Vehicle Fleets Are Expected to Make up 12% of the Global Fleet Vehicle Population by 2030
BOULDER, Colo.--(BUSINESS WIRE)--Jan 22, 2019--A new report from Navigant Research analyzes the global market for light duty (LD) and medium and heavy duty (MHD) plug-in electric vehicle (PEV) fleets, providing an analysis of the market issues related to fleet electrification, with global market forecasts, segmented by vehicle class and region, through 2030.
Fleet electrification is being driven by battery innovations, energy economics, and government regulation of transportation pollution. Cost reductions in batteries and other PEV technologies are reducing the purchase price of PEVs, while governments are incentivizing adoption with purchase incentives and emissions reduction goals. Click to tweet: According to a new report from @NavigantRSRCH, the PEV fleet population is expected to make up less than 1% of the fleet vehicle market in 2018 before rising to 12% of the overall fleet vehicle population by 2030.
“Fleet electrification has largely focused on the LDV segment to date. However, recent developments with electric MHDVs point toward encouraging signs of future growth in that segment,” says Raquel Soat, research analyst with Navigant Research. “For example, the 2017 introduction of the Tesla Semi, BYD’s debut of its refuse truck in 2018, and the success of electric buses in China over the last 4 years all show momentum toward larger fleet electrification.”
According to the report, many fleets have made commitments to use electricity in all or part of their vehicles in the next decade, including large MHDV fleets such as DHL, UPS, FedEx, and several city bus fleets in China. While the transportation industry is transforming its energy system, it is also being disrupted by innovations in automated vehicle systems and advances in battery energy density. Vehicle automation will likely encourage greater use of LDVs to augment alternative or public transportation modes and transform MHDV markets and uses.
The report, , analyzes the global market for LD and MHD PEV fleet vehicles. The study provides an analysis of the market issues related to fleet electrification, including drivers like government policies and battery innovations and challenges with charging infrastructure. Global market forecasts, segmented by vehicle class and region, extend through 2030. The report also examines the key industry players related to fleet electrification and provides case studies of notable projects from around the globe. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of clean, intelligent, mobile, and distributed energy. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Fleet Electrification, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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CONTACT: Navigant Research
KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: ENERGY OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY TRANSPORT TRUCKING OTHER TRANSPORT PUBLIC TRANSPORT PUBLIC POLICY/GOVERNMENT OTHER POLICY ISSUES MANUFACTURING AUTOMOTIVE MANUFACTURING ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE FLEET MANAGEMENT ENVIRONMENT GENERAL AUTOMOTIVE
SOURCE: Navigant Research
Copyright Business Wire 2019.
PUB: 01/22/2019 05:15 AM/DISC: 01/22/2019 05:15 AM