Alternative-fuel vehicles a growing niche market

Vehicles that run on fuels like electricity, natural gas, ethanol, biodiesel and propane have been growing steadily during the past 15 years, but their market share is still small compared to the standbys of gasoline and diesel. Jeremy Michalek comments in this article published by the Providence Journal that when alternative fuels are used, it’s more common to find them in fleet vehicles. “It’s an important but very small segment,” Michalek said. Statistics from the Energy Department show that governments and private-sector fleets are the primary market for alternative fuels.

This article offers a high-level perspective on what is driving the growth in the private and public sectors. To read the full article, click here.