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Navigant: sales of light duty vehicles to total more than 2.1 billion from 2015 to 2035

According to a recent report from Navigant Research, total sales of LDVs are expected to total more than 2.1 billion from 2015 to 2035. Navigant forecasts global annual LDV sales to grow from 88.8 million vehicles in 2015 to 122.6 million in 2035.

Navigant expects the vast majority of growth in the LDV market over the forecast period to come from developing countries in Asia Pacific, specifically China and India.

High purchase price premiums and low infrastructure availability are expected to limit the adoption of alternative fuel vehicles (AFVs) globally, according to the report. However, utilities are expected to play a larger role in AFV adoption over the forecast period, as these vehicles present opportunities to increase electricity demand and to help manage grid operations.

The report, Transportation Forecast: Light Duty Vehicles, analyzes the global LDV market in eight segments: stop-start vehicles (SSVs); hybrid electric vehicles (HEVs); plug-in hybrid electric vehicles (PHEVs); battery electric vehicles (BEVs); natural gas vehicles (NGVs); fuel cell vehicles (FCVs); propane autogas vehicles (PAGVs); and conventional internal combustion engine (ICE) vehicles.

Since SSV, HEV, PHEV, and ICE vehicle segmentations are either solely or partially fueled by blends of gasoline or diesel, forecasts of these segments are broken out by fuel (as well as by region). Global market forecasts for sales and the number of vehicles in use, segmented by country, drivetrain, and primary fuel, extend through 2035

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