COLUMBUS, Ind – For the first two months of 2022, U.S. and Canadian Class 8 natural gas truck retail sales rose 21% year-to-date against comparisons of the same time period in 2021, as published in the quarterly report (AFQ: Alternative Fuels Quarterly) recently released by ACT Research.
The ACT Alternative Fuels Quarterly (AFQ) details such adoption considerations as fuel prices, fuel/charging infrastructure development, equipment prices/products/technological developments and regulatory changes. Natural gas truck sales data and a forecast for new natural gas adoption are included.
“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 to February time period, with December and January experiencing strong year-over-year gains, but February lagging considerably,” said Steve Tam, vice president at ACT Research.
“In the near term, December’s sales easily outshone January and February’s activity, which paled in comparison. Combined, sales in the three-month period extended and increased (year-to-date) gains meaningfully, a relatively new development.”
Tam added, “Besides sales, the Alternative Fuels Quarterly 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. 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.”
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.