April 14, 2006
Global demand for diesel-fueled vehicles to nearly double
Westlake Village, California – Global demand for diesel light vehicles is expected to nearly double over the next 10 years, increasing from 15 million sales in 2005 to 29 million in 2015, according to J.D. Power Automotive Forecasting.
J.D. Power Automotive Forecasting projects the global market share for diesel-powered cars and light trucks will reach 26 percent by 2015, an increase from 18 percent in 2005. While Western Europe has been a key driver in the rapid growth of diesel vehicle demand for the past 10 years, increased demand from consumers in other regions will promote growth during the next decade.
“As a proven, cost-effective and ‘off-the-shelf’ solution, diesel has a head start over other emerging fuel-efficient technologies,” said Alastair Bedwell, senior manager for J.D. Power Automotive Forecasting. “With energy prices at elevated levels and new regulatory pressure to improve light-truck fuel efficiency, a range of fuel-efficient alternatives to the conventional gasoline engine will be required. The United States and Canada are markets with enormous potential for diesel light-vehicle sales.”