Getting a vehicle that is fuel-efficient can be quite helpful for many drivers, especially those looking for more money to pay for car insurance and other expenses. One fuel-efficient vehicle type that may see a boost in popularity in the coming months is diesel.
Last year, 2 percent of all light duty vehicles were powered by diesel, according to a report conducted by the Fuels Institute for the Diesel Technology Forum. This figure could grow to anywhere in the range between 3.7 percent and 6.7 percent by 2023.
Much of the boost should be due to a higher level of diesel models manufactured in the coming months and years. The report noted that a range of 7.2 percent to 17.8 percent of all light-duty vehicles sold in 2023 will be diesel models.
"This new study affirms what we've been seeing consistently over the last two years, which is increasing consumer excitement and sales of this new generation of clean diesel cars," said Allen Schaeffer, executive director of the Diesel Technology Forum. "For many efficiency-savvy consumers, clean diesel is and will be a superior and proven choice compared to alternative energy choices such as natural gas, electricity and propane."
There also may be a further saturation in diesel usage among larger vehicles. The report added that 94 percent of medium-duty and heavy-duty models will be diesel in 2023.
Fuel-efficient models increase in popularity
While many more diesel vehicles may be purchased in the near future, there already has been a boost in fuel-efficient vehicle interest.
Diesel model sales rose nearly 42 percent during August compared to one month earlier, according to a report from Hybridcars.com. Hybrids rose by 38.1 percent during that time.
There also was a gain of approximately 24 percent in clean diesel vehicles registered across the country between 2010 and 2012, a separate report from the Diesel Technology Forum noted, using data in partnership with R.L. Polk and Company. Hybrids experienced a gain of 33 percent during that time.
"This new sales information illustrates that Americans are not only accepting but embracing alternative fuel and new technology vehicles in record numbers," said Schaeffer. "While there has been steady growth in both the clean diesel and hybrid markets over the past three years, this summer's diesel and hybrid sales have been exceptional."
These efforts to use vehicles that save on fuel may encourage some drivers to look at other options, such as acquiring an auto insurance policy that is less expensive.