Low diesel fuel prices enhance market for clean diesel cars and pickups
With diesel fuel prices dipping to the lowest levels since 2009, the U.S. vehicle market is prime for potential market increases as several new 2016 clean diesel cars and trucks prepare to hit showrooms in the coming months, according to Allen Schaeffer, Executive Director of the Diesel Technology Forum.
Last week, AAAâs Daily Fuel Gauge Report indicated that diesel fuel was cheaper than regular gasoline in 21 states and significantly cheaper than Midgrade and Premium gasoline.
Today, California is the state with the largest gap as diesel is 70 cents cheaper per gallon than regular gasoline.
âThe major decreases in diesel prices have emerged at a perfect time for drivers as almost 20 new clean diesel cars and pickup trucks are preparing to enter the U.S. market,â Schaeffer said. âAnd when you combine the lower cost of diesel fuel along with its 20 to 40 percent higher fuel efficiency than gasoline, clean diesel vehicles make more economic sense for buyers than ever.
Diesel-Dominated Trucking Industry & Farmers Also Benefit
âThese low diesel prices are also great news for Americaâs truckers, farmers and construction firms.
With 98 percent of all heavy-duty trucks in the U.S. running on diesel the price drop is having a major positive impact on the transportation of goods and agricultural production.â
To further highlight the economic benefits of clean diesel vehicles, Schaeffer noted that a University of Michigan study released this month âfound that the total cost of ownershipâdepreciation, fuel costs, repairs, maintenance, insurance, and fees and taxesâranges from $2,000 to $7,000 less over three-to-five years than gasoline versions of the same vehicles.â
âClean diesel is not a âbridgeâ concept or âdown-the-roadâ expectation â these vehicles are on the road right now providing impressive hybrid-like mileage and meeting the same emissions standards as gasoline vehicles,â says Schaeffer.
According to research commissioned by the Diesel Technology Forum, diesel cars and pickups are expected to make up about seven percent of the market by 2020 saving almost eight million tons of carbon emissions and about 24 million barrels of crude oil.
âLow diesel fuel prices that come in under already-low gasoline prices are sure the send signals to interested car and truck buyers to consider the diesel option,â Schaeffer said. âMore new clean diesel cars and trucks will help improve air quality, reduce carbon emissions and promote energy independence.â
More Clean Diesels On the Way
To see a list of clean diesel cars, SUVs and pickups currently available in the U.S. market go here. Below is a list of the announced new clean diesels coming to the U.S. in the next 18 months.
2016 Nissan Titan Diesel
