After decades of slowly building up market share, diesel vehicles are expected to be leapfrogged by electric vehicles within the next two years.
Diesel-powered trucks aren't going away. They're expected to maintain their small share of the U.S. light-vehicle market — especially in the heavy-duty pickup space — through at least 2032, IHS Markit says.
But EVs have the potential to catch on in a way that diesels haven't, especially as body styles with more mass appeal reach the market. Fifteen new battery-electric and plug-in hybrid vehicles are expected in 2021 and 2022, and 11 of them are SUVs or pickups, according to J.D. Power.
"As of now, you either have to want an EV hatchback, or you're in that premium space for an EV. There really isn't a middle ground," said Tyson Jominy, J.D. Power vice president of data and analytics. "As the body types start to hit what Americans want, we could really start to see EVs start to outpace diese…