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A hybrid electric vehicle (HEV) is a type of hybrid vehicle and electric vehicle that combines a conventional internal combustion engine (ICE) propulsion system with an electric propulsion system. The presence of the electric power train is intended to achieve either better fuel economy than a conventional vehicle, or better performance. The world is dominated by ICE-powered vehicle and enjoying the benefits of advances in technology and mass production; wide support from components manufacturer industries, and availability of talented resources. However, the outcome of this dominance includes faster consumption of global fossil fuel resources and an increasing amount of exhaust emissions such as CO2 and CO in the environment. Given these challenges, governments and automakers are looking for better alternative to ICE-powered vehicle that can reduce the exhaust emission and reduce the dependence on oil, which is the primary fuel to tradition vehicles. That is why the need for low emission vehicle is evolving and is continuously growing. This approach will act as a medium to make automotive industry more environment
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Markets and Markets Low Emission Vehicle Market (2017) http://www.marketsandmarkets.com/Market-Reports/hybrid-electric-vehicle-hev-battery-solar-powered-market-649.html
INTRODUCTION • The market research report “Marketsandmarkets adds a new report “Low Emission Vehicle Market (2012 - 2017) - By Degree of Hybridization & Type of Traction Battery Used - Global Forecast, Trends & Analysis” According to this report studies the the global low emission vehicle market was valued $21.13 billion in 2011 and is expected to grow from $27.45 billion in 2012 to $103.13 billion by 2017 at an estimated CAGR of 30.3% from 2012 to 2017. 826.8 thousand low emission vehicle were shipped on a global level for 2011 and the number is expected to reach 3532.1 thousand units by 2017, at an estimated CAGR of 27.8% from 2012 to 2017. • Browse >> • Browse more than 105 market data tables • spread through 272 pages and in-depth TOC • http://www.marketsandmarkets.com/Market-Reports/hybrid-electric-vehicle-hev-battery-solar-powered-market-649.html • Request to Download Free PDF Brochure @
Scope of Report • The low emission vehicle market research report categorizes the global market on the basis of degree of hybridization, different types of batteries used in the vehicle, and geographical analysis. Market segmentation also includes forecasting revenue and analyzing trends in this market. • On the basis of degree of hybridization • On the basis of type of battery used • On the basis of geography
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