majority of all hybrid vehicles are considered an automobile or a light-duty
vehicle. This should not surprise anyone
that has followed the development of hybrid technology over the years. Due to battery limitations, implementing
hybrid technology has usually come at the expense of vehicle power and
performance. Therefore, fleet operators
have been forced to choose between improved vehicle gas mileage and decreased
vehicle horsepower. For most light-duty
fleets this choice is relatively easy.
example, for a fleet of light-duty automobiles driven by company salespeople,
an increase in miles per gallon is worth the corresponding drop in
horsepower. Conversely, for a fleet of
medium to heavy duty tow trucks, that same drop in vehicle horsepower and
towing capabilities may drastically affect their primary area of business. As battery technology improves and reduces
the tradeoff between increased miles per gallon and vehicle performance, the
use of hybrid technology in medium and heavy-duty vehicles will drastically
increase. However, until those
improvements occur the growth of light-duty hybrids is expected to
2018, 2.4 million hybrids were sold globally out of 94.6 million total,
representing a market share of 2.5%.
This number is expected to continue to grow in the next decade. While Europe
and China remain leaders in the hybrid market, hybrid sales continue to grow in
the United States as well due to government incentives and increased demand
among younger demographics.