For the first two months of the year, U.S. and Canadian Class 8 natural gas truck retail sales dropped 25% year-to-date over the same time period in 2020, as published in the Alternative Fuels Quarterly (AFQ) report recently released by ACT Research, a publisher of commercial vehicle truck, trailer and bus industry data, market analysis and forecasts for the North America and China markets.
“Sales of natural gas-powered vehicles as reported by the six major truck OEMs, who account for approximately 60% of the heavy-duty natural gas market, were mixed in the December 2020 to February 2021 time period – with December experiencing a small sequential decline but an impressive year-over-year gain,” says Steve Tam, vice president at ACT Research.
“The new year got off to a slow start, falling month-over-month and year-over-year, but February was brighter, improving from January and last February, up 1% and 5%, respectively.”
ACT’s commercial electric vehicle study, Charging Forward: 2020-2024 BEV & FCEV Forecast & Analysis, was published in early April. Utilizing industry expertise and analysis, as well as the input from a robust list of study participants, ACT Research has developed a guide for battery-electric and fuel cell-electric unit build and sales forecasts over the next two decades.
The ACT AFQ provides insight, analysis and trends about alternative fuel/power adoption for the U.S. heavy- and medium-duty commercial vehicle markets. It is designed to give insights to anyone with an interest in the evolution of power and alternative fuel use for heavy vehicles.
For more information about ACT’s AFQ report, click here.
For more information about ACT Research’s other publications, click here.
Photo: Steve Tam