As car manufacturing companies continue to move away from fossil fuels, the trend should become increasingly present in the trucking industry as well. In fact, a recent Pike Research report suggests that the hybrid truck sales will nearly double in 2012.
A combination of economic recession, high diesel prices, and desire to reduce emissions has contributed to the rise in demand for hybrid trucks, both in medium duty and heavy duty models.
The report from Pike Research estimates that a 92% growth rate is expected for 2012 for sales of plug-ins and hybrid trucks worldwide.
Another factor in the increased orders for hybrid medium and heavy duty trucks is the gradual rebounding of the retail industry. As economic fortunes turn and retail recovers, the commercial trucking industry will continue to advance as well, creating a demand for new transport vehicles.
Instead of purchasing regular diesel trucks, trucking companies can spend more upfront for hybrids and plug-ins for a reduction in fuel prices over time. The company can also benefit by claiming environmentally friendly practices, which give them a leg-up versus the competition.
Commercial Truck Insurance
If you have recently purchased or are thinking about purchasing a battery operated vehicle for your business, call Royalty to ask what sort of commercial truck insurance options we have available. We can also supply information detailing the advantages of hybrid trucks.
Check out our blog where we have trucking news and opinions, like this article about DOT rules changes, and follow us on Twitter @RoyaltyTruckIns
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