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Automotive Low Emission Vehicle Market Research Report |COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2023

07.29.2020 · Posted in Writing and Speaking

The one thing that the automotive industry has successfully provided the global consumers for the longest time is consistent quality, high performance, and a reliable automobile which solves the problem of commuting for work while also providing leisure travel experience whenever required. The overall global automotive low emission vehicle market is estimated to grow with the CAGR of approximately 30%, from 2017-2023.

Market Highlights:

The automobile sector is undergoing unprecedented growth in terms of technological advancements and add-on features. What started as a mere means of transport to help people commute from one place to another, has now become one of the biggest industries in the world. Similar to any other field, the automotive field is continually undergoing rapid and path-breaking technologies and inventions, with time. The only thing that has remained constant in the thousands of different automobiles designed over the world is the manner in which they run. For the longest time, automobiles the world over would run using an internal combustion engine. This engine takes in fuel (either diesel or petrol), ignites the fuel causing it to combust, and produces a large amount of heat. A major part of this heat is given out in the form of waste heat, along with considerable amount of waste gases, generated as by-products. These waste gases are very harmful, containing traces of carbon dioxide, carbon monoxide, and nitrous oxide, among others. These gases cause high levels of contamination and pollution causing severe harm to the atmosphere.

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Scope of the Report:

This study provides an overview of the global automotive low emission vehicle market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive low emission vehicle market by its Degree of Hybridization, Battery Type, Vehicle Type, and Region.

By Degree of Hybridization

  • Pure Electric Vehicle (EV)
  • Hybrid Electric Vehicle (HEV)
  • Mild Hybrid Electric Vehicle (MHEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)

By Battery Type

  • Metal Hydride Battery
  • Lithium-Ion Battery
  • Nickel Cadmium Battery
  • Lead Acid Battery

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Key Players:

The key players in automotive low emission vehicle market are Volkswagen AG (Germany), Nissan Motor Company Ltd (Japan), Daimler AG (Germany), Honda Motor Company, Ltd. (Japan), The Ford Motor Company (U.S.), Toyota Motor Corporation (Japan), General Motors Company (U.S.), BMW AG (Germany), Isuzu Motors Ltd. (Japan), Tesla, Inc. (U.S.), The Hyundai Motor Company (South Korea), and Mitsubishi Motors Corporation (Japan).

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