June 29, 2005
U.S. hybrid and diesel vehicles on the rise, J.D. Power reports
Westlake Village, California – Gasoline/electric hybrid and clean diesel engines are expected to garner 11 per cent of U.S. sales by 2012, up from 4.8 per cent in 2005, according to a report from J.D. Power and Associates.
Hybrids, which accounted for 0.5 per cent of the U.S. market share in 2004, are expected to increase to 3.5 per cent market share by 2012. Diesels are expected to grow from 3 per cent in 2004 to 7.5 per cent.
The price premium associated with alternative powertrain vehicles continues to be a prohibiting factor that will limit the potential of hybrid and diesel vehicles. Despite the premium, the study shows the number of hybrid vehicles on the market is expected to increase from ten in 2005 to 44 by 2012, while diesel models are expected to increase from 14 to 26.