New reports says U.S. fleets are accelerating use of clean fuel vehicles
In the third annual State of Sustainable Fleets Market Brief, published by the clean technology consulting firm Gladstein, Neandross & Associates (GNA), transportation fleets continued to report a resounding trend — their use of clean fuels and advanced vehicle technologies is rapidly progressing. The report was recently unveiled at GNA’s Advanced Clean Transportation (ACT) Expo.
Report authors surveyed nearly 250 U.S.-based fleets that have used clean fuels and vehicles including Autogas vehicles, CNG vehicles, battery-electric vehicles, or fuel cell vehicles. Among that group, nearly 85% report that their use of clean vehicle technologies will grow over the next five years.
A key to increased adoption of near- and zero-emission transportation across the public and private sectors, including accompanying fuelling infrastructure, is record-setting government funding and legislative support at both the state and federal levels, the 2022 report confirms.
In this regard, the report finds that available public incentives for the clean fuel and vehicle market will increase to approximately $20 billion annually across more than 230 programs over the next few years, a nearly seven-fold increase from the average $3 billion previously. Much of the funding growth is due to the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA).
“We are seeing an incredible acceleration in the investment being made from all sides of the alternative fuel vehicle market driven by increasing commitments to environmental sustainability and carbon reduction and to find more cost-effective transportation options given today’s record-breaking gasoline and diesel fuel prices,” said Erik Neandross, CEO of GNA, the firm authoring the report. “Again, our survey results confirm — in every sector, fleets are increasingly turning to a spectrum of advanced clean vehicle technologies and low carbon fuels to not only meet their sustainability goals but improve their fleet’s bottom line.”
According to the State of Sustainable Fleets report, diesel fuel prices are at an all-time high, further improving economics for alternatives, while Autogas is easy and affordable with its sub-$2 per gallon cost. Among the more mature clean vehicle platforms highlighted in the report, four states — California, Florida, Michigan, and Texas — accounted for roughly 30% of national demand for LPG vehicle fuel. LPG-powered trucks are most often used by state, county, and municipal fleets (43% of such fleet types in the survey). Its usage is also common among smaller fleets with 35% of Autogas users in the survey representing fleets with 101-500 vehicles. For more information, please visit this link.
8 June 2022