|
Hybrid and Diesel Vehicles Expected to Represent 11 Percent of Market Share in Next Seven Years |
|
|
|
|
Written by Product Team
|
|
Jul 06, 2006 at 12:00 AM |
|
Page 1 of 3 J.D. Power and Associates Reports:
Hybrid and Diesel Vehicles Expected to Represent 11 Percent of Market Share in Next Seven Years
44 Hybrid and 26 Diesel Models Anticipated in U.S. Market by 2012
WESTLAKE VILLAGE, Calif.: 28 June 2005 — New vehicles powered by hybrid electric or clean diesel engines are expected to garner 11 percent of U.S. sales by 2012—up from 4.8 percent in 2005—according to a report by J.D. Power-LMC Automotive Forecasting Services.
The report shows that hybrids, which accounted for 0.5 percent of the U.S. market in 2004, are expected to increase to 3.5 percent market share by 2012, while diesels are expected to grow from 3 percent market share in 2004 to 7.5 percent.
“Higher gas prices are acting as a catalyst for automakers and consumers to find alternatives to the traditional gasoline internal combustions engine,” said Anthony Pratt, senior manager of global powertrain forecasting at J.D. Power-LMC. “We anticipate this will lead to dramatic growth, particularly with diesels, over the next several years.”
While automakers continue to design hybrid vehicles, they also are turning to diesels to help them offer more fuel-efficient alternatives. However, new U.S. Environmental Protection Agency regulations, which go into effect in 2007-2008, require cars and light-duty trucks to meet Tier 2 emissions standards of 0.07 grams of NOx per mile. Diesel technology, coupled with low-sulfur fuel that will be available at gas stations next year, will have to meet these standards before these vehicles can be sold in the United States.
<< Start < Previous 1 2 3 Next > End >>
|
Research Findings