Press Release

Clean Diesel Vehicles to Represent Over 12 Percent of Global Light-Duty Vehicle Sales by 2018

June 21st, 2012

Global Information Inc. would like to present a new market research report, "Clean Diesel Vehicles: Global Market Analysis and Forecasts" by Navigant Research.

Rising fuel prices and stronger fuel economy regulations will stimulate increasing demand for clean diesel vehicles in markets around the world, and the cleantech market intelligence firm forecasts that sales of these vehicles will increase from 9.1 million in 2012 to 12.1 million annually by 2018, with clean diesels representing 12.4% of all LDV sales by the end of that period.

"Demand for diesel cars is primarily driven by their fuel economy," says senior analyst Lisa Jerram. "A diesel vehicle typically gets 20% to 40% better fuel economy than a comparable gasoline car. This factor, along with favorable tax treatment for diesel fuel, has made diesel cars tremendously popular in Europe, where they have accounted for around 50% of LDV sales over the past several years. Due to Europes very high fuel prices, the price premium of a diesel car can be paid off quickly."

Jerram adds that other markets that have not traditionally been strong diesel markets are beginning to open up now. North America, in particular, has been a weak market for diesel LDVs for 20 years. This is largely due to the low gasoline prices in the United States, which has not spurred drivers to purchase more fuel efficient vehicles of any type, including diesel. However, in 2011, the diesel market began to show signs of revival, and Pike Research anticipates that the growth of diesel LDVs will be especially strong in North America during the coming years, with annual sales volumes expected to increase from 282,000 vehicles in 2012 to 928,000 by 2018. Due to emissions regulations in the United States and Canada, all of these diesel vehicles will be clean diesels.

Pike Researchs analysis indicates that many countries with strong diesel car markets do not yet have such emissions regulations in place, and therefore in the long term, tremendous upside potential exists for growth in the clean diesel market as additional regulatory measures are implemented around the world.

Pike Researchs report, "Clean Diesel Vehicles", analyzes the global market potential for clean diesel light duty vehicles, as well as the medium and heavy duty segments, from 2012 through 2018. The study assesses the demand drivers for diesel to gain market share over gasoline in key markets where clean diesel regulations are in place. Key industry players are profiled in depth and detailed market forecasts are provided for the clean diesel vehicle market, segmented by world regions and key countries, through 2018. The report also compares projected clean diesel adoption with forecasts of hybrid and plug-in electric vehicles in key regions.

Global Information Inc.(GII) - specializing in market research provision for the vertical industries, GII offers expert independent recommendations of publications from hundreds of the globe's leading market research firms.

Product Code : 244849