May 25
Diesel powered vehicles sales will outstrip hybrid vehicle sales by 2012, a new forecast shows.
Sales of both types of vehicles are on the rise, but diesel powered passenger vehicles provide similar fuel economy at a lower cost than hybrids, said a report from UBS, a financial services company, and Ricardo PLC, a consultant to the automotive industry.
Diesel- and hybrid-powered vehicles will represent 15 percent of the market by 2012, with sales of diesel vehicles expected to be at 1.5 million units and hybrids at 1.2 million.
Diesel powered passenger vehicles have a "clear cost advantage over hybrid, even when fitted with the type of complex exhaust after-treatment technologies necessary to meet future, more stringent emissions regulations," USB and Ricardo said.
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