Sales of natural gas-powered vehicles showed a fluctuating trend during the December to February period, according to the latest *Alternative Fuels Quarterly* from ACT Research. December sales fell 47% compared to the same month in the previous year, while January saw an even steeper decline of 57% year-over-year. However, February brought a positive shift, with sales rising by 40% compared to the same period in 2021.
Steve Tam, Vice President at ACT Research, noted that the short-term performance was similarly inconsistent. December saw a modest 1% monthly increase, followed by a sharp 49% drop in January compared to the prior month. February then rebounded, recovering 33% of the previous month's loss. "Overall, the three-month period lost the year-to-date gains seen in November, ending 2022 with a 3.2% increase compared to 2021," Tam explained.
So far in 2023, sales have dropped significantly, with a 29% decrease through February compared to the same period in 2022. In 2022, total natural gas vehicle sales reached 3,837 units. Through the first two months of this year, reporting original equipment manufacturers (OEMs) have sold 403 natural gas-powered Class 8 trucks.
The *Alternative Fuels Quarterly* report offers valuable insights into the adoption of alternative fuels and power systems within the U.S. heavy- and medium-duty commercial vehicle markets. It provides timely analysis on trends, challenges, and opportunities related to fuel prices, infrastructure development, technological advancements, and regulatory changes. The report also includes detailed data on natural gas truck sales and forecasts for future adoption of alternative fuels.
ACT Research is a leading provider of industry data, market analysis, and forecasts for the commercial vehicle sector in North America and China. Their reports are widely used by major truck and trailer manufacturers, suppliers, and financial institutions. ACT Research contributes to the Blue Chip Economic Indicators and is a member of the Wall Street Journal Economic Forecast Panel. The company has earned recognition for its accurate economic forecasts and expert analysis, with executives frequently featured in top economic outlook rankings. For more information, visit www.actresearch.net.
Bags Accessories,304 Case Bag Box Clip Ring,304 Bag Dog Buckle Parts,Stainless Steel Luggage Lock Parts
Dongguan New Decoration Material Technology Co., Ltd. , https://www.xsjmim.com