Ryder System Inc.
Alternative fuel-powered heavy- and medium-duty vehicles will make up 14% of vehicles sold worldwide in 2035, according to a new study.
The total number of heavy- and medium-duty vehicles is expected to double between 2014 and 2035 according to the study by Navigant Research. The percentage running on diesel will fall from 79% in 2014 to 76% in 2035.
Alternatives to diesel include natural gas, liquefied petroleum gas and electricity.
“Natural gas has a significant advantage over most alternative fuels, in that low fuel costs and advances in infrastructure for both liquefied natural gas and fast-fill compressed natural gas make the fuel competitive in all market segments, including heavy-duty longhaul trucking,” Scott Shepard, research analyst with Navigant Research, said in a statement.