Commercial Vehicle Market Dynamics Evolve Over Time to Include Electrification, Yet Diesel Remains Dominant, IHS Markit Says
IHS Markit Ltd. Common Shares (INFO)
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Source: Business Wire
SOUTHFIELD, Mich.--(BUSINESS WIRE)-- Commercial vehicles will continue to run on diesel fuel for the foreseeable future, according to new research from business information provider IHS Markit (Nasdaq: INFO). Sixty-six percent of new medium and heavy commercial vehicles sold in the U.S. will be fueled by diesel (diesel and diesel hybrid) in 2040, compared to nearly 80 percent today, per findings released today from the IHS Markit multiclient study, Reinventing the Truck. The study was completed between January and July of 2018 and includes research from the automotive, economics and country risk, energy and chemicals teams at IHS Markit. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180918005528/en/ Medium/Heavy Sales by Fuel Type, through 2040 (Source: IHS Markit) Diesel is expected to remain the dominant fuel type globally through 2040 due to increases
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