Navigant forecasts US military spending on non-tactical alt drive vehicles to more than double to $926M by 2020 from 2013; 11.4% CAGR
Green Car Congress
JULY 5, 2013
In a new report , Navigant Research forecasts that US military spending on alternative drive vehicles (ADVs—including hybrid electric vehicles (HEVs), plug-in electric vehicles (PEVs), and ethanol-powered vehicles—for the non-tactical fleet will increase from more than $435 million in 2013 to $926 million by 2020, a CAGR of 11.4%.
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