Press release
Ethanol Vehicle Market Poised to Generate $1,317.63 Billion Globally by 2031: Paving the Way for Sustainable Transportation
The global ๐๐ญ๐ก๐๐ง๐จ๐ฅ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ size was valued at $564.3 billion in 2021, and is projected to reach $1,317.6 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031. The concept of ethanol vehicle is typically attributed to the transportation options that use ethanol blend to enhance vehicle's performance and make engine efficient to give the best performance. The best use of ethanol is blended with gasoline. However, the quantity of ethanol required is 10%, and 90% is gasoline. The blend of ethanol helps to increase the life of the engine. Automakers recommend a particular quantity of ethanol to make engine performance smooth and long lasting. Hence, the shift in the focus from petroleum-based vehicles to alternative fuel-based vehicles such as ethanol-based vehicles and the increasing focus of governments on ethanol-based vehicles due to concerns regarding greenhouse gas emissions are expected to foster market growth over the forecasted period. For instance, the Environmental Protection Agency (EPA) finalized federal greenhouse gas (GHG) emissions standards for passenger cars and light trucks in the U.S. through 2026. The final standards leverage advances in clean car technology to unlock $190 billion in net benefits to Americans, including reducing climate pollution, improving public health, and saving drivers money at the pump.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/A47289
The ๐๐ญ๐ก๐๐ง๐จ๐ฅ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ report provides an extensive analysis of changing market dynamics, major segments, value chains, competitive scenarios, and regional landscapes. This research offers valuable guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.
The research provides detailed segmentation of the global ethanol vehicle market based on type, fuel type, blend type, drive type, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/ethanol-car-market/purchase-options
Based on blend type, the E25 to E85 segment accounted for the highest share in 2021, holding more than two-thirds of the global ethanol vehicle market, and is expected to continue its leadership status during the forecast period. However, the E10 to E25 segment is estimated to grow at the highest CAGR of 10.5% during the forecast period.
Also, adopting higher ethanol blends for more efficient engine designs gives the desired boost and is incorporated in car fuels since it is clean, renewable, abundant, and inexpensive. At present, several typical ethanol fuel combinations with more than 85% ethanol blends are in use. Above E85 ethanol fuel blends have become more popular around the world due to their higher fuel efficiency. For instance, the Indian government permitted oil marketing businesses to sell E100 flex-fuels (ethanol) for flex-fuel vehicles in March 2021. Above E85 flex-fuel engines are being used worldwide due to a rise in government support and greater fuel efficiency.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐๐ง๐ข๐, ๐๐๐ง๐๐ซ๐๐ฅ ๐๐จ๐ญ๐จ๐ซ๐ฌ, ๐๐๐ข๐ฆ๐ฅ๐๐ซ ๐๐, ๐๐ ๐๐จ๐ฅ๐ฏ๐จ, ๐๐ข๐ฌ๐ฌ๐๐ง ๐๐จ๐ญ๐จ๐ซ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐จ๐ญ๐จ๐ซ๐ฌ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ ๐๐, ๐๐๐๐ซ๐ & ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ, ๐๐จ๐ฅ๐ค๐ฌ๐ฐ๐๐ ๐๐ง ๐๐, ๐๐จ๐ง๐๐ ๐๐จ๐ญ๐จ๐ซ ๐๐จ., ๐๐ญ๐., ๐ ๐จ๐ซ๐ ๐๐จ๐ญ๐จ๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ, ๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A47289
Based on region, North America held the largest share in 2021, contributing to nearly half of the global Ethanol Vehicle market share, and is projected to maintain its dominant share in terms of revenue in 2031. However, Asia-Pacific is estimated to manifest the fastest CAGR of 11.7% during the forecast period.
Similarly, the innovative Saab Aero X Biopower 100 Concept E100 features a V6 engine that runs entirely on E100 bioethanol. The limited edition of the Koenigsegg CCXR, a version of the CCX, is converted to run on E85 or E100, as well as standard 98-octane gasoline. And currently, the fastest and most potent flex-fuel vehicle with its twin-supercharged V8 produces 1018 hp when running on biofuel. Such enhancements in the automotive industry to develop & implement more pristine automobiles are anticipated to drive the ethanol vehicle market in the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A47289
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By type, the others segment dominated the global ethanol vehicle market in terms of growth rate.
By fuel type, the gasoline segment dominated the global ethanol vehicle market in terms of growth rate.
By blend type, the E10 to E25 segment dominated the global ethanol vehicle market in terms of growth rate.
By drive type, the rear wheel drive (RWD) segment dominated the global ethanol vehicle market in terms of growth rate.
๐๐จ๐ง๐ญ๐๐๐ญ:
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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