Alternative Fuel Vehicles Market

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Alternative Fuel Vehicles Market - Global

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REPORT DESCRIPTION

Vehicles using conventional fuelshas been predominantly used all over the globe. Apart from being expensive, these

fuels are major cause of environmental hazards. Some of the major countries such as US and Italy are now focusing

on the other form of fuels. The primary reason behind this shift is to reduce the import dependency on foreign

countries, which is burdening the economy. The recent price fluctuations in fuels have affected the major world

economies. Hence to avoid any adverse effect the countries are focusing on reducing the usage of conventional fuel

especially crude oil. These factors have accelerated the growth in alternative fuel’s market.

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The alternative fuel is fast replacing the conventional fuels in transportation, chemical, agricultural and industrial

sector. The transportation section consist of many companies offering vehicle altered to suit alternative fuels. The

alternative fuel vehicle can be divided on the basis of fuel used such as biodiesel, biomass, propane, electricity,

hydrogen, non-fossil methane, non-fossil natural gas, and ethane among others. On the end user basis this market

can be segmented as government vehicles, private fleets, industrial transportation and domestic user’s vehicle. The

government vehicles and the private fleets...