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Low Emission Vehicle Market (Hybrid Electric Vehicle, Battery Vehicle) Poise $103.13 Billion by 2017 - New Report by MarketsandMarkets
Date:11/16/2013

automakers are looking for better alternative to ICE-powered vehicle that can reduce the exhaust emission and reduce the dependence on oil, which is the primary fuel to tradition vehicles. That is why the need for low emission vehicle is evolving and is continuously growing. This approach will act as a medium to make automotive industry more environment–friendly, ultimately benefiting the world.

Talking of low emission vehicle market based on degree of hybridization, FHEVs are expected to remain as market leaders during the forecasted period. Market for FHEVs and BEVs will develop at a faster rate due to governments’ initiatives to develop charging infrastructure and development in battery technology. Till date, the mass produced FHEV cars have been powered by nickel metal-hydride (NiMH) batteries, which are larger and heavier than lithium ion; for example, battery used in Toyota Prius. For PHEV and BEV, lithium seems to the best option in the years to come; due to its high energy density.

Various low emission vehicle types that are covered in the report are Mild Hybrid Electric Vehicle (MHEV), Full Hybrid Electric Vehicle (FHEV), Plug-in Hybrid Electric Vehicle (PHEV), and Pure Electric Vehicle (EV or BEV). The report also profiles 15 key low emission vehicle manufacturers, along with 7 key players of the vehicle component manufacturers. The report draws the competitive landscape of low emission vehicle market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.

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