Forecast: Dramatic Growth in Hybrid, Electric Truck Sales This Year - January 12, 2012

Pike Research fore­casts the glob­al mar­ket for hybrid elec­tric vehi­cles (HEV), plug-in hybrid electrics vehi­cles (PHEV) and bat­tery elec­tric vehi­cles (BEV) will grow at 92% in 2012, with total sales sur­pass­ing 19,000. They expect U.S. sales of 3,250 medi­um- and heavy-duty HEV trucks, 790 BEV trucks, about 500 PHEV trucks. Grow­ing pop­u­lar­i­ty of alter­na­tive fueled vehi­cles as well as high prices of hybrid and elec­tric vehi­cles may impact the sales growth.