A new study of fuels and vehicles of the future predicts that diesel and gasoline will remain the predominant transportation fuels, and diesel cars could gain significant market share in the next 10 years.
The growth of vehicles running on alternative fuels such as E85 and electricity will accelerate over the next decade, but diesel fuel- and gasoline-powered vehicles will continue to dominate market share. These are among the conclusions of “Tomorrow’s Vehicles: What Will We Drive in 2023?” a new report released by the New Fuels Institute.
Diesel-powered vehicles are expected to see strong growth in the LDV market, growing from 2 percent of all LDVs in 2012 to 6.7 percent of the LDV fleet in 2023. This surge in market share will be led by the sales of new vehicles hitting the market. Diesel-powered LDV sales are expected to comprise between 7.2 percent to 17.8 percent of new LDV sales in 2023.
“This new study affirms what we’ve been seeing consistently over the last two years, which is increasing consumer excitement and sales of this new generation of clean diesel cars,” said Allen Schaeffer, executive director of non-profit organization the Diesel Technology Forum. “For many efficiency-savvy consumers, clean diesel is and will be a superior and proven choice compared to alternative energy choices such as natural gas, electricity and propane.”
The new study also notes that for medium- and heavy-duty vehicles (commercial vehicles like trucks and buses) diesel-powered vehicles will prevail, representing at least 94 percent of the vehicle fleet in 2023.
For more details on the study click here: http://www.fuelsinstitute.org/news/PR111913.html
Engine Builder Staff
Latest posts by Engine Builder Staff (see all)
- Edelbrock Pro-Flo 3 EFI Systems - May 4, 2016
- 2017 Ford F-150 to Debut New 3.5L EcoBoost Engine and 10-Speed Transmission - May 3, 2016
- WELD Revs Up its Support as a 2016 Hot Rodders of Tomorrow Sponsor - May 3, 2016