The three major components that cause the high prices of Off-Highway Hybrid Commercial Vehicle

Date: 2016-09-12

As a consequence of an increase in global warming and environmental awareness, there is a need for advanced technologies that reduce the fuel pollutions and greenhouse gas emissions. Hybrid technology offers the most viable solution to this problem. Off-highway hybrid commercial vehicles are mainly used in three sectors: Agriculture, Construction, and Mining. 

It is expected that there will be an increase in agricultural activities worldwide in the future, leading to the demand for off-highway hybrid commercial vehicles. Also, an increase in Off-Highway Hybrid Commercial Vehicle Components worldwide, especially in emerging economies, will lead to an increase in the demand for Off-Highway Hybrid Commercial Vehicle Components.

Continued demand for cleaner, more efficient vehicles, led by governments dealing with goals to cut emissions, means that financial incentives will be around for a long time. 

A public recharging infrastructure is also developing rapidly in urban areas, which are being targeted as prime regions for electric vehicle adoption. The main obstacle to rapid market growth is high cost. Alternative technologies such as hydraulic hybrid drive, ultracapacitors, and flywheel energy storage continue development and testing in niche applications, but it seems that the battery-electric solution will be the recipient of the majority of the production investment during the forecast period.

The three major components that are responsible for the high prices of Off-Highway Hybrid Commercial Vehicle: power electronics, electric traction motors, and the battery packs.

Major components market share:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 001-510-400-8520

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