Alternative fuel and hybrid vehicle market was valued at $318 billion in 2016 and is expected to reach $819 billion by 2024, having a CAGR of 12.8% during the forecast period of 2017 to 2024. The passenger car segment garnered the highest revenue share in the global alternative fuel and hybrid vehicle market.
The alternative fuel and hybrid vehicles market is segmented on the basis of alternative fuel type, vehicle type and geography. By alternative fuel type, the market is segmented into gaseous fuels, electric and others. On the basis of vehicle type, the market is segmented as two wheelers, passenger cars, and commercial vehicles.
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GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET SEGMENTATION
By Alternative fuel type
• Gaseous LPG, CNG, and LNG
• Others Biofuel, Biodiesel, Fuel Cell, Liquid Nitrogen, and Dimethyl Ether
By Vehicle type
• Two Wheelers
• Passenger Cars
o Battery Electric Passenger Cars
o Hybrid Electric Passenger Cars
o Alternative Fuel Passenger Cars
• Commercial Vehicles
o Battery Electric Commercial Vehicles
o Hybrid Electric Commercial Vehicles
o Alternative Fuel Commercial Vehicles
• The Netherlands
• Rest of Europe
• South Korea
• Rest of APAC
Rest of the World
• Latin America
• Middle East
KEY MARKET PLAYERS
• Toyota Motor Corporation
• Tesla Motors
• AUDI AG
• BMW Group
• General Motors
• Ford Motor Company
• Honda Motor Co., Ltd.
• BYD Company Limited
• Daimler AG
• Zero Motorcycles, Inc.
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