Portland, OR -- (SBWire) -- 07/06/2018 --Alternative fuel and hybrid vehicles (AFHV) run on fuels other than conventional types such as gasoline and diesel. The depletion of oil reserve at an alarming rate has given rise to the adoption of these vehicles across the globe. In addition, these vehicles emit less harmful compounds such as oxides of carbon, nitrogen, and sulfur as their exhaust, thus making AFHV eco-friendly. Moreover, electric vehicles use electricity as their power source, in which electric energy is stored in the vehicular batteries and can be recharged at charging stations. On the other hand, hybrid vehicles use both conventional and alternative fuels as a source of power. Passengers can actually switch between these two powers while driving as per their feasibility and usage. China is a potential market of AFHV as it has the maximum percentage of electric vehicles across the globe. As per the Global EV Outlook 2015, China holds 230 million e-bikes, 83,000 e-cars, and 36,500 e-buses. Numerous players such as Toyota Motor Corporation and Tesla Motors, Inc. are regularly manufacturing AFHV. For instance, Tesla Motors, Inc. launched Model S, the fastest electric car for its customers globally.
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Increase in demand for fuel-efficient vehicles, stringent government laws and regulations toward vehicular emission, an increase in growth of public charging infrastructure drives the market growth. Also, depletion of fossil fuels such as coal, gasoline, and diesel and increase in prices of fossil fuels are the other factors that propel the market growth. However, high initial cost of the vehicle and low fuel economy hamper the market growth. Moreover, advancement in alternative fuel technologies and increase in government initiatives, such as investment in electric and hybrid buses, are expected to create huge opportunities for the growth of the market in the coming years.
KEY BENEFITS
- The report includes an extensive analysis of the factors that drive as well as restrain the world AFHV market.
- The market projections from 2014 to 2022 are included in the report along with the impacting factors.
- The report also provides quantitative as well as qualitative trends to assist the stakeholders to understand the situations prevailing in the market.
- Competitive intelligence highlights the business practices followed by leading market players across various geographies.
ALTERNATIVE FUEL AND HYBRID VEHICLE SEGMENTATION
BY ALTERNATIVE FUEL TYPE
- Gaseous Fuels (LPG, CNG, and LNG)
- Electric
- Others (Biofuel, Biodiesel, Fuel Cell, Liquid Nitrogen, and Dimethyl Ether)
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BY VEHICLE TYPE
- Two Wheelers
- Passenger Cars
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Alternative Fuel Passenger Cars
- Commercial Vehicles
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Alternative Fuel Commercial Vehicles
BY GEOGRAPHY
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- The Netherlands
- Norway
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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KEY PLAYERS
- Toyota Motor Corporation
- Tesla Motors
- AUDI AG
- BMW Group
- General Motors
- Ford Motor Company
- Honda Motor Co., Ltd.
- BYD Company Limited
- Daimler AG
- Zero Motorcycles, Inc.
Other players in value chain include (profiles not included in the report)
- Volkswagen AG
- Nissan Motor corporation
- Mitsubishi Motors Corporation.
- Nikola Motor Company
- Renault
- Tata Motors
- Polaris Industries, Inc.
- Scania
Table Of Content
- CHAPTER 1 INTRODUCTION
- CHAPTER 2 EXECUTIVE SUMMARY
- CHAPTER 3 MARKET OVERVIEW
- CHAPTER 4 WORLD ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY ALTERNATIVE FUEL TYPE
- CHAPTER 5 WORLD ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY VEHICLE TYPE
- CHAPTER 6 WORLD ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY GEOGRAPHY
- CHAPTER 7 COMPANY PROFILES
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Alternative Fuel and Hybrid Vehicle Market, Extensive Analysis, Future Forecast 2022