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Hybrid truck sales forecasted to surpass 100,000 units

Date:2011-09-14 Source:www.chinatrucks.com

www.chinatrucks.com: As the global economy begins tentative steps toward recovery, truck manufacturers are looking to technologies that can help mitigate the rising cost of diesel fuel while meeting increasingly strict emissions requirements. Trucks that utilize electricity to meet these goals come in four variations: hybrid electric, plug-in hybrid, battery electric, and plug-in electric power take-off to operate equipment onboard without using fuel. As the technology costs fall and diesel prices increase, the value proposition for hybrid trucks is strong, and Pike Research forecasts that sales will surpass 100,000 vehicles annually by 2017.

Most hybrid electric, plug-in hybrid electric, and battery electric trucks will utilize different chemistries of lithium ion (Li-ion) batteries. Pike Research expects that the use of nickel metal hydride (NiMH) batteries will peak in 2016, as vehicle manufacturers move their remaining systems toward Li-ion. Essentially, all battery electric trucks are anticipated to be Li-ion, as very little development work is underway in the MD or HD truck markets with other battery technologies. The Li-ion market is expected to reach 3.6 million kilowatt hours (kWh) globally in the medium and heavy duty truck market by 2017.

This Pike Research report examines the opportunities and challenges in the market for hybrid electric, plug-in hybrid, and battery electric medium and heavy-duty trucks. The report provides a comprehensive assessment of the different drivetrains, battery technologies, and key drivers of market growth. The report explores global government regulations regarding diesel emissions and vehicle purchase incentives and includes detailed forecasts through 2017. Key market players are also profiled.

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