NEW YORK, July 2, 2015 /PRNewswire/ -- The global light duty vehicle (LDV) market is changing rapidly on behalf of government-led initiatives to improve fuel economy and market demand for alternative transportation options and alternative fuel vehicles (AFVs). These changes are being driven primarily by the adoption of vehicles with various levels of drivetrain electrification and vehicles that run on alternative fuels entirely.
The adoption of light duty (LD) AFVs and fuel-efficient technologies varies significantly from region to region due to fuel costs and refueling infrastructure availability, as well as government support. The increased adoption of drivetrain electrification and alternative fuels are expected to have considerable impacts on the markets for LDVs, fuel infrastructure development, and energy demand. Utilities will be particularly affected by increased interest in plug-in electric vehicles (PEVs) and natural gas vehicles (NGVs). Meanwhile, the development of new transportation business models for LDVs such as carsharing programs alongside increased urbanization is likely to put downward pressure on vehicle sales in the long term. According to Navigant Research, global annual LDV sales are expected to grow from 88.8 million vehicles in 2015 to 122.6 million in 2035.
This Navigant Research report analyzes the global LDV market in eight segments: stop-start vehicles (SSVs), hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), NGVs, fuel cell vehicles (FCVs), propane autogas vehicles (PAGVs) and conventional internal combustion engine (ICE) vehicles. Since SSV, HEV, PHEV, and ICE vehicle segmentations are either solely or partially fueled by blends of gasoline or diesel, forecasts of these segments are broken out by fuel (as well as by region). Global market forecasts for sales and the number of vehicles in use, segmented by country, drivetrain, and primary fuel, extend through 2035.
Key Questions Addressed:
How is the global light duty vehicle (LDV) market changing due to alternative fuel technologies?
What are the fastest-growing regional markets for vehicles with electrified internal combustion engines (ICEs)?
What impacts will natural gas and plug-in electric vehicles have on the energy industry?
What will the global LDV fleet look like in 2035?
How and where will diesel vehicles be incorporated into ICE electrification?
Who needs this report?
Electric vehicle supply equipment (EVSE) providers and manufacturers
Oil & gas companies
Natural gas and hydrogen infrastructure developers
Read the full report: http://www.reportlinker.com/p03073151-summary/view-report.html
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