Current and Future Scope of Alternative Fuel and Hybrid Vehicle Market | Industry Forecast Report by 2022 with Key Players – BMW Group, General Motors, Ford Motor Company, Honda Motor, Toyota Motor, Tesla Motors, AUDI,

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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Companies Covered in this Report are:

Toyota Motor Corporation
Tesla Motors
BMW Group
General Motors
Ford Motor Company
Honda Motor Co., Ltd.
BYD Company Limited
Daimler AG
Zero Motorcycles, Inc.

Increase in demand of fuel-efficient vehicles, stringent government laws and regulations toward vehicular emission, and 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 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 market in the coming years.

The market is segmented on the basis of alternative fuel type, vehicle type, and geography. Alternative fuel type segment is further divided into gaseous fuels (LPG, CNG, and LNG), electric, and others (biofuel, biodiesel, fuel cell, liquid nitrogen, and dimethyl ether). Moreover, vehicle type segment is classified into electric two wheelers, passenger cars (battery electric vehicle (BEV), hybrid electric vehicle (HEV), alternative fuel passenger cars), and commercial vehicle (battery electric vehicle (BEV), hybrid electric vehicle (HEV), alternative fuel commercial vehicle). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions. North America comprises the U.S., Canada, and Mexico. Europe includes Germany, France, The Netherlands, Norway, UK, and rest of Europe. Asia-Pacific consists of China, Japan, South Korea, India, and rest of Asia-Pacific. Latin America, Middle East, and Africa are considered in the LAMEA region.


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.

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Gaseous Fuels (LPG, CNG, and LNG)
Others (Biofuel, Biodiesel, Fuel Cell, Liquid Nitrogen, and Dimethyl Ether)

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

North America
The Netherlands
Rest of Europe
South Korea
Rest of Asia-Pacific
Latin America
Middle East

Other players in value chain include (profiles not included in the report)
Volkswagen AG
Nissan Motor corporation
Mitsubishi Motors Corporation.
Nikola Motor Company
Tata Motors
Polaris Industries, Inc.

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Posted by on Friday September 13 2019, 4:48 AM EST. All trademarks acknowledged. Filed under Automotive, Automotive & Transportation, Automotive Manufacturing, Business Services, Clean Energy, Energy & Natural Resources, Energy Efficiency, Energy Storage, Environment, Featured Press Release, Power, Transportation. Comments and Trackbacks closed. Follow responses: RSS 2.0

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