Worldwide clean diesel vehicles sale is expected to rise from 9.1 million in 2012 to 12.1 million units per year by 2018, according to a new report.
A new report from Pike Research reveals that the sales of clean diesel vehicles will account over 12.4% of the global light-duty vehicles sales by 2018.
According to the report, the increasing fuel prices and stronger fuel economy regulations will motivate the rise in demand for clean diesel vehicles in global markets.
Pike Research senior analyst Lisa Jerram said demand for diesel cars is primarily driven by their fuel economy.
"A diesel vehicle typically gets 20% to 40% better fuel economy than a comparable gasoline car," Jerram added.
"This factor, along with favorable tax treatment for diesel fuel, has made diesel cars tremendously popular in Europe, where they have accounted for around 50% of LDV sales over the past several years."
The diesel market in North America has been weak for 20 years, due to the low gasoline prices in the US, but the report anticipates the strong growth of diesel LDVs in the region during the coming years.
Pike Research's report reveals that the diesel LDVs sales in North America are expected to increase from 282,000 vehicles in 2012 to 928,000 by 2018, following the implementation of emissions regulations in the US and Canada.
The analysis also indicates that many countries with strong diesel car markets do not yet have such emissions regulations prepared leading to rise in the clean diesel market due to the implementation of additional regulatory measures around the world
