Dublin, July 31, 2020 (GLOBE NEWSWIRE) — The “Alternative Fuel Vehicle – Global Market Outlook (2019-2027)” report has been added to ResearchAndMarkets.com’s offering. The Global Alternative Fuel Vehicle market accounted for $392.92 billion in 2019 and is expected to reach $1,244.4 billion by 2027 growing at a CAGR of 15.5% during the forecast period.Shifting consumer preference towards alternative fuel vehicles and rapid decrease in oil reserves and development of efficient alternative fuel are the major factors propelling the growth of the market. However, the high initial cost of alternative fuel production is hampering the growth of the market.Based on the fuel type, the electric segment is going to have a lucrative growth during the forecast period owing to the performance and distinct advantages. The electricity-based vehicle provides an attractive prospect by offering easily chargeable and noiseless urban transportation. It comes in three types as all-electric, hybrid electric and plug-in hybrid electric vehicles. Due to the increase in popularity of electric-based cars, registrations of electrically chargeable vehicles showed double-digit gains and this factor drives the growth of alternative fuel vehicle market. The increasing availability of electric vehicles and recharging points in public or private outlets is further expected to drive the growth of the alternative fuel vehicle market.By geography, North America is anticipated to hold considerable market share during the forecast period due to the outlined new plans to support the sales and use of alternative-fuel vehicles including cars and trucks that run on hydrogen and natural gas by the US government. They have increased the current tax credit for advanced technology vehicles to a maximum. The credit would also be broadened so that it applies to more different types of vehicles instead of just plug-in cars and this factor is majorly driving the growth of alternative fuel vehicle market in North America.Some of the key players profiled in the Alternative Fuel Vehicle Market include Ford Motor Company, Jaguar Land Rover Limited, Toyota Motor Corporation, Hyundai Motor Company, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., Shell International B.V., BMW Group, Tesla Motors, Mitsubishi Motors, EI DuPont, Audi AG, Volkswagen AG, Daimler AG., General Motors, Beiqi Foton Motor Co., Ltd., Fiat Chrysler Automobiles, BYD Auto, Renault and Yutong.What the report offers:
Key topics discussed1 Analytical summary2 Preface3 Market Trend Analysis 3.1 Introduction 3.2 Engines 3.3 Limitations 3. Four Opportunities 3.5 Threats 3.7 Application Analysis 3.8 End User Analysis 3. Nine emerging markets 3.10 CoVID-1 impact Nine four analyses of the five strengths of The Operators5 Global alternative fuel vehicle market, through vehicle type 5.1 Introduction 5.2 two-wheeled 5.3 Private vehicles 5.four vehicles 5.four.1 Light utility vehicles 5.four.2 Heavy utility vehicles 5.5 Luxury vehicles 6 Global alternative fuel vehicle market through fuel type 6.1 Introduction 6.2 Gas fuels 6.3 Electric 6. Four biofuels 6.5 Liquid nitrogen 6.6 Biodiesel 6.7 Ethanol 6.8 Methanol 6. Nine Natural Gas 6.10 Liquefied Petroleum Gas 6.11 Biomass 6.12 Propane 6.13 Hydrogen 6.1 Four Non-Fossil Methane 6.15 Non-Fossil Natural Gas 7 Global Market for Alternative Fuel Vehicles Matrix by Application 7.7.14 Four Non-Fossil Methane 6.15 Non-Fossil Natural Gas 7 Global Market of Alternative Fuel Vehicles Matrix by Application 7.7.14 Four Non-Fossil Methane 6.15 Non-Fossil Natural Gas 7 Global Market for Alternative Fuel Vehicles Matrix by Application 7.7 1 Introduction 7.2 Transport 7.3 Chemistry 7.four Agricultural 7.5 Industrial 8 Global Alternating Fuel Vehicle Market, according to End User 8.1 Introduction 8.2 Government Vehicles 8.3 Private Fleets 8. Four domestic user vehicles nine World Alternative Fuel Vehicle Market, through geography nine.1 Introduction nine.2 North America nine.3 Europe nine.four Asia Pacific nine.5 South America nine.6 Middle East and Africa 10 Key developments 10.1 Agreements, partnerships, collaborations and joint ventures 10.2 Acquisitions and mergers10.3 New product launches10. Four expansions 10.5 Other key strategies111 Corporate profile11.1 Ford Motor Company11.2 Jaguar Land Rover Limited 11.3 Toyota Motor Corporation 11. four Hyundai Motor Company 11.5 Nissan Motor Co. Ltd 11.6 Honda Motor Co. Ltd 11.7 Shell International BV 11.8 BMW Group 11. Nine Tesla 11.10 Engines Mitsubishi 11.11 THE DuPont 11.12 Audi AG 11.13 Volkswagen AG 11.1four Daimler AG11.15 General Motors 11.16 Beiqi Foton Motor Co.Ltd.11.17 Fiat Chrysler Automobiles11.18 BYD Auto 11.1nine Renault 11.20 Yutong For more information on this report, https://www.researchandmarkets.com / r / y8iiz3
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