Wednesday, January 20, 2010

Study: Telematics to Play Bigger Role in Greening Fleets

LONDON --- More and more fleets in North America and Europe will come to rely on telematics to bolster fuel efficiency and reduce CO2 emissions in the next five years, according to a study from Frost & Sullivan.

Fleet companies and consumers alike are increasingly warming to green telematics services since they can reduce emissions and fuel costs by 10 percent, according to the report titled Strategic Analysis of European and North American Green Telematics Market for Passenger and Commercial Vehicles. The study found that the European and North American fleet green-telematics market will likely increase from $80.0 million in 2008 to $700.0 million by 2015.

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