With more and more hybrid and electric vehicles on the road, we wondered if their popularity was making it to the light-duty utility truck world — or if gas guzzlers were still the way to go.
To get our answer, we looked at light-duty fleet data from 38 gas and electric utility companies across the US in 2017. Here’s what we found:
Even with the popularity of alternative fuel vehicles for personal use, we found of 45,827 vehicles reviewed, only 6.2% of the Industry light-duty vehicles are alternative fuel. Here, gas fleets are still king of the road.
Pumping the brakes.
Surprisingly, we discovered that not only are alternative fuel vehicles not popular in fleets yet, the number of them have actually decreased by 11.4% since 2012. Only 2017 showed a promising year-to-year increase over the time period.
Sharing the road.
Our numbers show that the industry is accepting of alternative fuels. In fact, it’s buying more hybrid and electric sedans every year. But this class still only makes up 7.4% of the Light-Duty Utility Fleet — plenty of open road ahead to make a difference.
So, what does this mean for the future of alternative fuel in the light-duty truck arena? We believe in order to truly electrify the Industry’s light-duty fleet, original equipment manufacturers will have to offer a competitive alternative to traditional pickups, vans and SUVs. Until that happens, gas fleets will be unstoppable.
We hope you enjoyed this Spotlight.
Be sure to check your email and our blog for more insightful, data-backed industry results in the future. Have ideas for our next Spotlight? Let us know in the comment section below.
Want to know more about this data or how it ties to fleet analytics? Curious about how Utilimarc’s fleet suite can improve your fleet? Contact a Utilimarc representative at email@example.com, call 952.417.0186, or visit utilimarc.com/demo to schedule a free, insightful demo.