This post is one in a series of feature stories on trends shaping advanced energy markets in the U.S. and around the world, drawn from Advanced Energy Now 2015 Market Report, which was prepared for AEE by Navigant Research.
Governments globally are keen to see wide-scale adoption of alternative fuel vehicle technologies as a solution to both environmental and energy security issues. As such, national, state, and local governing bodies have provided a range of incentives to early adopters in efforts to jump-start the market. In the past year or two, market dynamics have taken a favorable turn, with rapid reductions in battery and natural gas prices. Electricity and natural gas have now taken center stage as near-term alternative fuel solutions, though for different reasons and for different vehicle applications.