BANGALORE, India, May 21, 2019 /PRNewswire/ -- In 2018, the market size of Alternative Fuel Vehicle is 96885 million US$ and it will reach 296519 million US$ in 2025, growing at a CAGR of 15.21% from 2019.
An alternative fuel vehicle is a vehicle that runs on a fuel other than traditional petroleum fuels (petrol or Diesel fuel); and also refers to any technology of powering an engine that does not involve solely petroleum (e.g. electric car, Electric, Natural Gas, Compressed Natural Gas, hybrid electric vehicles, solar powered). Because of a combination of factors, such as environmental concerns, high oil prices and the potential for peak oil, development of cleaner alternative fuels and advanced power systems for vehicles has become a high priority for many governments and vehicle manufacturers around the world.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Alternative Fuel Vehicle.
This report studies the global market size of Alternative Fuel Vehicle, especially focuses on the key regions like United States, European Union, China, and other regions.
This study presents the Alternative Fuel Vehicle sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sales, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019 and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the sales, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
- BMW Group
- Daimler AG
- Toyota Motor Corporation
- General Motors
- Fiat Chrysler Automobiles
Market Segment by Product Type
- Natural Gas /Compressed Natural Gas
Market Segment by Application
- Home Use
- Commercial Use
Key Regions split in this report: breakdown data for each region
- United States
- European Union
- Rest of World
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