A new study from Frost & Sullivan provides a 2022 global outlook for hybrid and electric medium- and heavy-duty trucks. In the report it projects global hybrid and electric medium-duty vehicles will reach 83,800 units while the heavy-duty market will reach 50,800 units.
According to the report, key trends that will drive growth include:
- Rising congestion that will bring about more low-noise and low-emission zones in crowded cities
- Advanced battery technologies
- Emerging emissions regulations in BRIC countries
- Increased charging infrastructure
- Volatile fuel prices
- Differentiation of products for different duty cycles and applications
- Voltage standardization for synergy in electronic components such as motors, inverters and batteries
The report says intra-city pick up and delivery, supermarkets and logistics companies will be the key drivers for demand for medium- and heavy-duty hybrid and electric vehicles.
In addition, the report projects:
- The global hybrid truck market will reach 90,000 units by 2022 with China, North America and Europe contributing 85.4% of global volumes.
- Parallel hybrid architectures are anticipated to account for 81% of the market by 2022 and series hybrids making being used more in specialized applications.
- Chinese manufacturers such as Dongfeng, Foton, FAW and CNHTC are expected to top the global hybrid and electric truck market. Volvo and Daimler are expected to be the non-Chinese members of the top six in the market.