Hybrid vehicles becoming a major focus for fleet operators, says Pike Research

Hybrid vehicles becoming a major focus for fleet operators, says Pike Research

According to a new study from Pike Research, global hybrid fleet sales will exceed 830,000 vehicles in 2015, up from 280,000 in 2008. Next generation plug-in hybrid electric vehicles (PHEVs) will represent 21% of total hybrid fleet sales that same year.

“Hybrids provide an opportunity for fleets to become leaner and greener,” says managing director Clint Wheelock. “However, one key barrier to adoption is that fleet managers’ access to HEVs has been limited, as manufacturers are focused mainly on small consumer vehicles due to the prohibitive cost of larger batteries. Additionally, government incentives and tax breaks do little to stimulate adoption of commercial hybrids, due to fleet operators’ heavy reliance on leasing rather than purchasing.”

Pike Research anticipates that the government, university, and utility sectors will be among the most ardent early adopters of commercial hybrids. Fleets with a mix of cars and trucks, such as municipal governments, will take a particularly strong interest. Key companies to watch in this fast-developing sector include A123 Systems, Eaton Corporation, Ford Motor Company, General Motors, ISE Corporation, Johnson Controls-Saft, LG Chem, Panasonic, and Toyota.


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