Class 8 NG truck retail sales increase 11 percent YTD


For the first five months of 2022, U.S. and Canadian Class 8 natural gas truck retail sales rose 11 percent year-to-date against comparisons of the same time period in 2021, according to the ACT Alternative Fuels Quarterly (AFQ).

ACT Research’s AFQ provides insight, analysis and trends about alternative fuel/power adoption for the U.S. heavy- and medium-duty commercial vehicle markets.

“Sales of NG-powered vehicles as reported by the six major truck OEMs, who account for approximately 60 percent of the heavy-duty natural gas market, were mixed in the March to May time period, with March dipping 3 percent year-over-year, April surging 23 percent compared with last April, and May flat versus a year ago,” says Steve Tam, ACT vice president.

In the near term, after a near doubling from February to March, an increase of 96 percent, April and May dribbled lower, -16 percent and -1 percent, respectively. Combined, sales in the three-month period extended, but decreased the year-to-date gain, with the first five months of the year outpacing the same period in 2021 by 11 percent, ACT reports.

“Besides sales, the AFQ analyzes the change in existing and planned alternative fuel/power infrastructure and equipment developments. We’re seeing an overall increase in electric charging stations, both existing and planned, but a continuing decline of total natural gas stations, particularly those planned for the future,” Tam says.

“That said, we still see articles about natural gas use in transportation, as well as discussions about hydrogen fuel cells and investments, but the overwhelming amount of trade-industry headlines continues to focus on electric commercial vehicle development,” he adds.



Source link

Leave a Reply

Your email address will not be published.

Sign In

Register

Reset Password

Please enter your username or email address, you will receive a link to create a new password via email.