Low Emission Vehicles Market 2020 Will Grow at Significant CAGR of 24.25% by 2027 With Global Players - Nissan Motor Corp., Toyota Motor Corp., Honda Motor Co., Ford Motor Co

Market Insights
The low emission vehicles market is expected to be growing at a growth rate of 24.25% over the forecast period of 2020-2027. The rising prices of petroleum-based fuel, increase in the availability of various hybrid electric vehicles and advancement in the battery technologies are the key factors responsible for the significant growth for the low emission vehicles market.
In the world’s economy, transportation plays an important role. However, this has created numerous problems such as emission of different gases and noise and also, it leads to the rise in traffic and levels in congestion. Some standards have been set on the vehicles to keep this in order. Pollutants such as CO2, nitrogen, sulfur oxide and oxides lead to air pollution which causes diseases such as asthma, lung cancer and cardiovascular diseases. The combination of electric vehicles and traditional engines are called the low emission vehicles (LEVs) which improve the efficiency of vehicle fleets because of their lower level of greenhouse gases emission as compared to the conventional fossil fuel vehicles.

The growing demand for high performance, fuel efficient and low emission vehicles across the globe is accelerating the low emission vehicles market growth. Also, the stringent rules and regulations by the government towards vehicle emission, rise in the petroleum based fuels and availability of numerous hybrid electric vehicles contribute in driving the low emission vehicles market.

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Key Developments in the Market:
The Honourable Seamus O'Regan, Minister of Canada’s Natural Resources, announced on 19th September’2020, an investment of USD 1,716,469 to the CSA Group. This is a Toronto-based organization which develops standards to direct emerging technologies and issues in the private and public sectors. A project will be supported by the funding to research, develop, adapt and update the standards or codes for alternative fuel vehicles and infrastructure.

Major Market Players Covered in The Low Emission Vehicles Market Are:
The major players covered in the low emission vehicles market report are Nissan Motor Corp., Toyota Motor Corp., Honda Motor Co., Ford Motor Co., GE Motors Co., Volkswagen Group, BMW AG, Bayerische Motoren Werke Aktiengesellschaft, Daimler AG, General Motors Company, Byd Company Limited, Energica Motor Company S.p.A., Tesla, Inc, Renault, CobasYs, Honeywell International Inc, Delphi Technologies, Volvo Group, Honda Motorcycle & Scooter India Pvt. Ltd., Hyundai Motor India, General Motors India Private Limited and Chevrolet Sales India Private Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

North America dominates the low emission vehicles market followed by Europe. These regions have set standards such as CAF mandatory for all automobile manufacturers to incorporate in their vehicles. Their respective governments are looking to adopt better alternative to minimize dependence on oil and pollution, thus contributing in low emission vehicles market growth. Canada is expected to grow significantly in the North America low emission vehicles market.

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Global Low Emission Vehicles Market Scope and Segments
The low emission vehicles market is segmented on the basis of battery type, vehicle type, degree of hybridization and application type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• Low emission vehicle market on the basis of battery type is divided into nickel metal hydride, metal hydride batteries, lithium ion batteries, nickel-cadmium batteries and lead acid batteries.
• Based on the vehicle type, the low emission vehicles market is segmented into pure electric vehicle, plug-in hybrid electric vehicle, mild hybrid electric vehicle and full hybrid electric vehicle.
• On the basis of degree of hybridization, the low emission vehicles market is segmented into full hybrid electric vehicle (FHEV), mild hybrid electric vehicle (MHEV), pure electric vehicle (EV or BEV) and plug-in hybrid electric vehicle (PHEV).
• On the basis of application type, the low emission vehicles market is divided into personal and commercial.

Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific

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Strategic Points Covered in Table of Content of Global Low Emission Vehicles Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports

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