Global Low Emission Vehicles Market Overview:
Low emission vehicle (LEV), also known as hybrid vehicle, meets the highly-regarded anti-pollution laws and is applicable to both small and large vehicle. It can reduce CO2 emission by as much as 50%. In a bid to achieve zero emission target 198.2 Million USD was sanctioned by United Kingdom Prime minister Theresa May in recently concluded Zero Emission Vehicle (ZEV) Summit in September 2018. The move will benefit, creating an infrastructure to develop green battery, vehicle and refueling technology Some of the players profiled in the study are Tesla Motor Company (United States), Mitsubishi Motor Corporation (Japan), Daimler (Germany), Ford Motor Company (United States), General Motors (United States), Honda Motors Ltd (Japan), Toyota (Japan), BMW (Germany), Isuzu Motors (Japan), BYD (China) and Hyundai (South Korea).
On the basis of geography, the market of Low Emission Vehicles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Batteries Type, the sub-segment i.e. Lead Acid Battery will boost the Low Emission Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by , the sub-segment i.e. will boost the Low Emission Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- The strict environmental regulations regarding controlling emissions across the world
- Rapid advancement in battery technology, and increasing availability of different models of hybrid electric vehicle
- Rise in the prices of petroleum-based fuels
- Recent developments in biofuels
- Increasing adoption of autonomous vehicles in developed countries
- High cost and maintenance of the low emission vehicles
- Top players are continuous focusing on R&D initiatives in developing fuel-efficient vehicles
- Lack of supporting infrastructure in underdeveloped and developing nations
Vermontís Low Emission Vehicle (LEV) program, authorized under section 177 of the Clean Air Act, has been a centerpiece of Vermontís air quality efforts since 1996. The Zero Emission Vehicle (ZEV) program, which is a technology-forcing component of the LEV program, has been a major contributor to the successful commercialization of hybrid-electric vehicles and ultra-low-emission technologies
Target Audience:Electric Vehicle Manufacturer, Raw Material Supplier, Distributor, Government Organizations and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Low Emission Vehicles market on the basis of product [Pure Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicle and Others] , application [Passenger Cars and Commercial Vehicles], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Low Emission Vehicles market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Low Emission Vehicles industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Nissan (Japan), Renault (France) and Mercedes-Benz (Germany).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Low Emission Vehicles market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.