Nearly 350,000 Hybrid and Electric Trucks Will be Sold Worldwide from 2013 to 2020

While hybrid, plug-in hybrid, and battery electric drivetrains have successfully penetrated the light duty passenger vehicle market, the commercial truck market has proven to be more of a challenge.

Government stimulus spending from 2008 to 2011 spurred R&D, production, and deployment of hybrid and plug-in commercial trucks, but demand has only recently begun to grow.

According to a new report from Navigant Research, nearly 350,000 light, medium, and heavy duty hybrid and electric trucks will be sold in the global commercial fleet market from 2013 through 2020.