Alternative Fuel Vehicles (AFV) Market Size, Share, Growth, Trends, Analysis and Forecast – 2028

The Alternative Fuel Vehicles (AFV) Market size is expected to grow at an annual average of CAGR 11% during the forecast period (2022-2028). Alternative fuel vehicles are considered an essential part of the automotive industry to improve urban air quality, reduce greenhouse gas emissions and reduce dependence on foreign oil. Alternative fuels include fuels other than gasoline and diesel used in internal combustion engines. Some of these alternative fuels are biodiesel and biofuels such as ethanol, biogas, CNG, LPG, hydrogen gas, fuel cells, electricity and solar cells. A major factor driving the increase in the use and growth of other fuels in transportation is concerns about emissions from the use of fossil fuels. Alternative fuels are more expensive than fossil fuels, but offer many advantages over using fossil fuels.

The following segmentation are covered in this report:

By Application

• Transportation
• Chemical
• Agricultural
• Industrial
• Others

By Type Fuel

• Gaseous fuels
• LPG
• CNG
• LNG
• Electric
• Biofuel
• Biodiesel
• Fuel Cell
• Liquid Nitrogen
• Dimethyl Ether

Company Profile

• Volkswagen AG
• Ford Motor Company
• BYD
• Toyota Motor Corporation
• Honda Motor Co., Ltd
• Hyundai Motor Company
• Daimler AG
• General Motors
• Nissan
• Tesla

Scope of the report

The research study analyses the Alternative Fuel Vehicles (AFV) Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Alternative Fuel Vehicles (AFV) Market Report

• What was the Alternative Fuel Vehicles (AFV) Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Alternative Fuel Vehicles (AFV) Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Alternative Fuel Vehicles (AFV) Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.